The Board of Witan Investment Trust plc today announces Unaudited Half Year Results for the six months ended 30 June 2009. The results confirm that during the period under review, the share price total return outperformed the Trust’s benchmark by 2.01%, returning 0.08% compared to a benchmark return of -1.93%*. The Board also confirms that it will pay a first interim dividend of 4.3p per ordinary share on 11 September 2009.

Ten of the Trust’s 14 underlying fund managers, representing 71% of assets, were ahead of their benchmarks in the first half of 2009. Artemis, manager of UK equities, Australasia manager Orbis and global manager Southeastern all significantly outperformed, beating their benchmarks by 9.1%, 7.6% and 5.8% respectively.

The managers who fell behind in the first half, notably MFS and Comgest, have generally defensive styles not suited to strong market rallies. They were nonetheless key contributors to Witan’s outperformance under the different market conditions of 2008.

Robert Clarke, Chief Executive of Witan Investment Trust said, “The first six months of 2009 were characterised by continued market uncertainty: the first quarter saw a sharp fall in equity markets, whilst more recently sentiment has improved and markets have rallied. Despite these volatile conditions the complementary blend of styles within our multi-manager portfolio has helped drive outperformance of some 2% over the first six months.

“There is likely to be further volatility over the remainder of the year and probably some consolidation given the markets’ recent progress. However, our multi-manager approach means that the Trust is well positioned to weather a range of market conditions. Over the medium term we believe that the combination of historically low interest rates, substantial cash assets on the sidelines and a lack of attractive investment alternatives will continue to favour equities.”

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Witan Investment Trust plc

Established in 1909, Witan is one of the UK’s largest investment trusts, managing some £1bn (as at 31.1.09, source AIC) on behalf of some 60,000 investors. Witan is listed in the ‘Global Growth’ sector.

www.witan.com

Witan Investment Services Limited is a wholly owned subsidiary of Witan Investment Trust plc.

Registered as an Investment Company in England No 101625.

Witan Manager Team

Witan Pacific Investment Trust plc

Witan Pacific Investment Trust is an Asia-Pacific (including Japan) Trust with assets of £104m (as at 31.1.09, source AIC). The Trust moved to a multi-manager structure on 27 May 2005 with Witan Investment Services as Executive Manager. The investment managers are Aberdeen Asset Management and Nomura Asset Management. Each manages 50% of the Trust to the same Asia-Pacific mandate.

Witan Pacific Investment Trust plc is registered as an Investment Company in England No 91798.