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Top 25 holdings

31-Mar-13
£'000
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Qualcomm
Technology - US
14,537
eBay
Consumer Services - US
14,227
Comcast
Consumer Services - US
13,440
CCR
Industrials - Brazil
12,991
Chevron
Oil & Gas - US
12,935
Sampo
Financials - Finland
12,918
Aspen Pharmacare
Health Care - South Africa
12,142
Persimmon
Consumer Goods - UK
11,537
Spectris
Industrials - UK
11,408
Wharf Holdings
Financials - Hong Kong
11,049
Jardine Matheson
Industrials - Singapore
10,568
Samsung Electronics
Technology - South Korea
10,478
Ambev
Consumer Goods - Brazil
10,042
BT
Telecommunications - UK
9,985
Standard Life
Financials - UK
9,858
UnitedHealth Group
Health Care - US
9,729
Ladbrokes
Consumer Services - UK
9,517
Atlas Copco
Industrials - Sweden
9,230
Pfizer
Health Care - US
9,079
SoftBank
Telecommunications - Japan
9,033
Hess
Oil & Gas - US
9,004
Casino Guichard-Perrachon
Consumer Services - France
8,994
Toyota Motor
Consumer Goods - Japan
8,978
Accenture
Technology - US
8,924
Iliad
Telecommunications - France
8,890

Past performance may not be repeated and is no indicator of future performance. The value of shares and the income from them can go down as well as up as a result of market and currency fluctuations and investors may not get back the amount originally invested. SIT has a long term policy of borrowing money to invest in equities in the expectation that this will improve returns and, should stockmarkets fall, such borrowings would magnify losses on these investments. The Trust can buy back and cancel its own shares.  All other things being equal, this would have the effect of increasing gearing.  For planning purposes, an investment in The Scottish Investment Trust PLC should be viewed as a long term commitment.

All sources SIT unless otherwise stated. Industry Classification Benchmark (ICB): ICB is a product of FTSE International Limited ("FTSE") and all intellectual property rights in and to ICB vest in FTSE.  SIT has been licensed by FTSE to use ICB.  FTSE is a trade mark of London Stock Exchange and the Financial Times Limited and is used by FTSE under licence.  FTSE and its licensors do not accept any liability to any person for any loss or damage arising out of any error or omission in ICB.

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An investment company registered in Scotland number 1651