Issue of Equity

30 December 2019

F&C Investment Trust PLC

LEI: 213800W6B18ZHTNG7371

Sale of Ordinary Shares from Treasury

The Board of F&C Investment Trust PLC (the Company) announces today that it has sold from Treasury 250,000 ordinary shares of 25p each at a price of 771.50 pence per ordinary share.

Following this transaction, the Company's issued share capital stands at 561,819,016, of which 19,197,772 shares are held in Treasury. Therefore the total number of ordinary shares with voting rights in the Company is 542,621,244.

The above figure (542,621,244) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Hugh Potter

For and on behalf of BMO Investment Business Limited, Secretary

30 December 2019