Scottish Mortgage Investment Trust PLC

Legal Entity Identifier: 213800G37DCS3Q9IJM38

Issue of Equity

On 16 November 2018, owing to demand in the market, the Company announces that, pursuant to its block listing facility, the Company has issued 500,000 Ordinary Shares of 5p each fully paid.  Following the issuance there will be 1,455,805,880 Ordinary Shares in issue. These shares were issued for cash on 16 November 2018 at a price of 486.4p per share and at a premium to the prevailing net asset value.

Baillie Gifford & Co Limited

Company Secretaries

16 November 2018

Regulated Information Classification: Acquisition or disposal of the issuer's own shares