WPC.L Regulatory News (WPC)

16 September 2020

Witan Pacific Investment Trust plc

Result of General Meeting

The Board of Witan Pacific Investment Trust plc (the "Company") is pleased to announce that, at the general meeting ("General Meeting") of the Company held earlier today the resolutions in relation to the proposed change of investment objective and policy, change of investment management arrangements, change of name, and tender offer (the "Proposals") were duly passed by Shareholders.

Susan Platts-Martin, Chair of Witan Pacific Investment Trust plc, commented:

"The Board is delighted that Shareholders have approved the Proposals. This demonstration of continued support will allow the Company's move to a China growth strategy to deliver a differentiated approach and provide scope for future long term out-performance, as well as enhance the appeal of the Company.

The Board looks forward to the next stage of the Company's development and with the support of Baillie Gifford, believes the change in investment management arrangements will ensure the future success of the Company.

I would like to take the opportunity to thank the outgoing investment managers, and also Witan, the Company's executive manager, as well as our other service providers for the support they have given to the Company and to wish them well for the future."

Tender Offer

Further to its commitment announced on 11 February 2019, the Board will allow Shareholders wishing to realise part or potentially all of their investment in the Company the chance to do so through a tender offer for up to 40 per cent. of the shares in issue at a one per cent. discount to the prevailing Net Asset Value per share. Further details are set out in a circular to Shareholders, published on 24 August 2020.

Change of name, ticker and registered office

Upon Baillie Gifford's appointment becoming effective, applications shall be made to change the Company's name and ticker to "Baillie Gifford China Growth Trust plc" and "BGCG", respectively, and also its registered office address, in each case so as to take effect as soon as reasonably practicable. It is likely, however, that the registration of the change of the Company's legal name may take a number of days to process due to current delays in processing times at Companies House.

For further information please contact:

Witan Pacific Investment Trust plc, via J.P. Morgan Cazenove

Susan Platts-Martin (Chair)

J.P. Morgan Cazenove +44 (0)20 7742 4000

William Simmonds

Harry Randall

LEI: 213800KOK5G3XYI7ZX18