Notice of Redemption and Cancellation of Debenture

THE EDINBURGH INVESTMENT TRUST PLC                       

NOTICE OF REDEMPTION AND CANCELLATION OF LISTING OF £100,000,000 11.5 PER CENT 
                             DEBENTURE STOCK 2014                              

TO THE HOLDERS (THE "STOCKHOLDERS") OF 11.5 PER CENT DEBENTURE STOCK 2014 (THE
"DEBENTURE STOCK") OF THE EDINBURGH INVESTMENT TRUST PLC

NOTICE IS HEREBY GIVEN by The Edinburgh Investment Trust plc (the "Company")
that on 30 June 2014 (the "Redemption Date") the Company intends to redeem all
of the outstanding Debenture Stock in accordance with the trust deed dated 13
September 1984 between the Company and Caledonian Insurance Company (which has
been succeeded by Capita IRG Trustees Limited) (the "Trustee"), constituting
the original issue of Debenture Stock, as amended and supplemented by the
supplementary trust deed dated 17 January 1990 constituting a further issue of
Debenture Stock (and as further amended by a second supplementary trust deed
dated 26 November 1996).

The Debenture Stock will be redeemed at par together with accrued interest up
to and including the Redemption Date (the "Redemption Amount").

In order to receive the relevant Redemption Amount, holders of Debenture Stock
in certificated form (that is, not in CREST) should send their stock
certificates to the Company's Registrar, Capita Asset Services, Corporate
Actions, the Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4TU, so that
they are received by them before the Redemption Date. Payment of the par value
will be made by cheque on the Redemption Date or as soon as practicable
thereafter once a Stockholder's certificate has been received. Payments of
accrued interest up to and including 30 June 2014 will be paid by Capita Asset
Services in accordance with Stockholders' normal instructions. Any Redemption
Amount that is due to a Stockholder but in respect of which a stock certificate
has not been delivered to the Capita Asset Services or payment has not been
accepted within six months of the Redemption Date shall be paid to the Trustee
who shall hold such amount in trust for the relevant Stockholder but without
interest until such time as the Stockholder delivers the certificate to, and/or
makes arrangements to accept payment with, the Trustee.

Debenture Stock held in uncertificated form in CREST will automatically be
redeemed at par and payment of the principal will be made through CREST on the
Redemption Date. Payment of accrued interest up to and including 30 June 2014
will be paid to you in accordance with your normal instructions. Holders of
Debenture Stock in CREST therefore need take no action to receive the
Redemption Amount.

The ISIN will be disabled for settlement in CREST at 5pm on 27th June 2014. All
redeemed Debenture Stock will be cancelled. The Company has requested that the
listing of the Debenture Stock on the Official List of the UK Listing Authority
and its trading on the Main Market of the London Stock Exchange are cancelled
at 8.00 a.m. on 1 July 2014.

Further information regarding the redemption of the Debenture Stock is set out
in a separate letter addressed to the Stockholders.

Dated 20 May 2014

Company Secretary

The Edinburgh Investment Trust plc