AGM Statement

Scottish Mortgage Inv Tst PLC
28 June 2007

                     SCOTTISH MORTGAGE INVESTMENT TRUST PLC

                      Annual General Meeting, 27 June 2007



At the AGM held on 27 June 2007 all resolutions were passed, including those
detailed below:

•  Shareholders approved a special resolution renewing the Company's authority 
   to make market purchases of up to 14.99% of the Company's issued share 
   capital, being 41,805,037 ordinary shares of 25p. The Company's authority 
   permits it to hold shares bought back 'in treasury'. Such treasury shares may 
   subsequently be either sold for cash or cancelled. This authority will expire 
   at the conclusion of the AGM to be held in 2008 or on 26 December 2008, 
   whichever is earlier, unless previously varied, revoked or renewed.

•  Shareholders approved a special resolution granting the Company authority to 
   allot authorised but unissued shares on a non pre-emptive basis up to 
   £7,036,529, being 10% of the issued share capital of the Company as at 14 May 
   2007. This authority permits the sale of shares out of treasury. The
   Directors do not intend to use these powers to re-issue shares at a discount 
   to net asset value. This authority will expire at the conclusion of the AGM 
   to be held in 2008 or on 26 December 2008, whichever is earlier.


The full text of all the resolutions can be found in the Notice of Annual
General Meeting contained in the Annual Report and Accounts, copies of which are
available for viewing at the UK Listing Authority's Document Viewing Facility,
which is situated at:


Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS


Tel. no. (0)20 7676 1000


                                                            Baillie Gifford & Co
                                                        Managers and Secretaries
                                                                    28 June 2007








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