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26 March 2003

Don't Miss The Scottish Investment Trust ISA Deadline
Charges Amongst the Lowest in the Market

The Scottish Investment Trust (SIT), one of the 'big five'* global growth investment trusts, today announced that investors wishing to apply for a SIT Mini/Maxi ISA for the current tax year (2002 / 2003) will be able to do so until midday on 4 April 2003.

Investors can apply for a SIT ISA by sending in a completed ISA application form together with a personal cheque drawn on their own bank account (minimum lump sum investment £500) to:

The SIT ISA,
Halifax Share Dealing Ltd
Trinity Road
Halifax
West Yorkshire
HX1 2RG

The application must arrive before 12:00 noon on 4 April 2003 to be processed for the tax year 2002/03.

Investors can obtain The SIT Mini/Maxi ISA application form by downloading one from the SIT website (www.sit.co.uk) or requesting The SIT ISA brochure by contacting SIT on 0800 42 44 22. The ISA can also be obtained through the investor's IFA.

The Scottish Investment Trust is one of the few ISA providers which makes no initial plan charge** and has an annual charge of only 0.6%; capped at £30 + vat, regardless of how the investment grows or how many years' ISA allowances are invested with SIT. Another advantage of SIT's ISA product is that it gives investors access to SIT's professionally managed portfolio of global blue chip equities. This spreads risk over numerous countries, sectors and companies whilst allowing the widest possible search for investment opportunity and return. Established in 1887 and now one of the UK's largest independently managed investment trusts, SIT has the size, strength and experience to ride out the ups and downs of the stockmarket.

If you would like further information on SIT and its products, please don't hesitate to contact Sherry-Ann Sweeting (Marketing Manager) on 0131 225 7781 or Denise Lyttle, Lee Blackwell or Claire Symonds (Polhill Communications) on 0207 655 0550.

Please also find attached a general overview of The Scottish Investment Trust and SIT Savings' products for your information.

* = The others being Foreign & Colonial, Witan, the Alliance Trust and Scottish Mortgage
** = External expenses (government stamp duty of 0.5% and dealing spread averaging an estimated 1.2%) apply.