Resignation of Director

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15 April 2016

Honeycomb Investment Trust plc

Resignation of Director

Honeycomb Investment Trust plc (the "Company") announces that Mark Huggins, Non-Executive Director of the Company, has given notice that he will retire from his position on the Board of Directors with immediate effect as he has taken on a new role which could potentially conflict with his position on the Honeycomb Board.

The Chairman Robert Sharpe, announcing the resignation, commented: "It is with deep regret that we received the news of Mark's resignation from the Board of Honeycomb. Mark has provided guidance and support to the Company. The Board have valued the input and guidance he has provided on a wide range of governance and operational matters. The Board wishes him well in his new venture".

For further information about this announcement please contact:

Apex Fund Services (UK) Ltd.

Priya Dhaliah / Paul Spendiff / Robert Kelly020 3697 5368

Pollen Street Capital Limited

Chris Palmer / Johnathan Moyes020 3728 6750

Liberum

Simon Atkinson / Chris Clarke / Joshua Hughes020 3100 2000