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This supplement is sponsored by Witan Investment Services. Investments and or investment strategies referred to in the document may not be suitable or appropriate for all recipients. It is your responsibility to seek investment advice before making an investment decision.

This supplement contains marketing communications issued and approved by Witan Investment Services Limited for information purposes only and does not constitute a solicitation or a personal recommendation in any jurisdiction. For a full overview of each Trust’s performance please visit www.witan.com for Witan Investment Trust plc and www.witanpacific.com for Witan Pacific Investment Trust plc.

Please remember past performance is not a guide to future performance and the value of an investment and the income from it can fall as well as rise as a result of currency and market fluctuations and you may not get back the amount originally invested. Investment trusts and closed-ended funds are allowed to borrow. This is known as ‘gearing’.

In a rising market, it will tend to enhance returns because of the investment fund’s increased exposure to the market. By the same token, however, it will tend to increase losses triggered by a falling market and a sufficiently large fall in value could mean you get nothing back at all. Funds may, however, increase or decrease their levels of gearing to suit market conditions. Since 28th March 2014, is has been the Company’s policy for Witan Pacific Investment Trust not to employ gearing.

Any reference to individual securities does not constitute a recommendation to purchase, sell or hold the investment. No reliance may be placed for any purpose on the information and opinions contained in the presentations or their accuracy or completeness. No part of this material may be copied, photocopied or duplicated in any form or distributed to any person that is not an employee, officer, director or authorized agent of the recipient, without Witan Investment Services Limited’s prior permission.

For Professional Investors Only

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