FRS 17 'Retirement benefits'

The Scottish Investment Trust plc Period End 31 October 2008

The Scottish Investment Trust Annual Report 2008

Sensitivity analyses provided for two major foreign currencies
UK investment trust The Scottish Investment Trust publishes sensitivity analyses for the US dollar and euro representing 71% of its total foreign currency exposure.

The Scottish Investment Trust plc Period End 31 October 2007

Scottish Investment Trust Annual Report Year 2008

Balance sheet pension liability 42% of triennial valuation deficit
UK investment trust company The Scottish Investment Trust recognises a pension deficit of £849,000 that equates to 42% of triennial actuarial valuation.