Scottish Mortgage Investment Trust PLC

Legal Entity Identifier: 213800G37DCS3Q9IJM38

Issue of Equity

On 22 June 2018, owing to demand in the market, the Company announces that, pursuant to its block listing facility, the Company has issued of 1,300,000 Ordinary Shares of 5p each fully paid.  Following the issuance there will be 1,423,580,880 Ordinary Shares in issue. These shares were issued for cash on 22 June 2018 at a price of 537.50p per share and at a premium to the prevailing net asset value.

Baillie Gifford & Co Limited

Company Secretaries

22 June 2018

Regulated Information Classification: Acquisition or disposal of the

issuer's own shares