Investment Management Team Update

Seneca Global Income & Growth Trust plc

To: RNS

From: Seneca Global Income & Growth Trust plc

LEI: 213800OQTUSRFDIL9L29

Date: 11 October 2019

Investment Management Team Update

The Board of Seneca Global Income & Growth Trust plc ('SIGT') notes that Peter Elston has resigned from the Investment Manager, Seneca Investment Mangers Ltd ('SIML'), for personal reasons and will leave at the end of the year.

The Board is grateful to Peter for his contribution over the last five years and wishes him well for the future. SIML operates a team approach to the management of SIGT with Peter and Gary Moglione providing portfolio oversight. The Board is assured and very comfortable that this team approach will continue under Gary's oversight and the well-established, disciplined and distinctive investment philosophy and process will continue in the same fashion.

All enquiries:

David Thomas, Seneca Investment Managers Ltd 0151 906 2480

PATAC Limited, Company Secretary 0131 538 1400

http://senecaim.com/private-investors/investment-trust/