EWIT Response to requisition of a General Meeting

Summary by AI ^BETAClose X

Edinburgh Worldwide Investment Trust plc has received a requisition notice from Saba Capital Management, L.P. to convene a General Meeting to remove the current six independent non-executive directors and appoint three new directors. The Board recommends shareholders take no action, highlighting the Trust's net asset value total return of +13.1% since a strategic reset a year ago, outperforming its benchmark index, and a tightly managed discount of 5.4%, which is significantly narrower than the peer group average of 11.0%. The Board views Saba's proposal as a power grab to gain control and prioritize its own commercial interests.

Disclaimer*

Edinburgh Worldwide Inv Trust PLC

04 December 2025

Edinburgh Worldwide Investment Trust plc

Legal Entity Identifier: 213800JUA8RKIDDLH380

4 December 2025

Response to requisition of a General Meeting

The Board of Edinburgh Worldwide Investment Trust plc ("Edinburgh Worldwide" or the "Trust"), together with its advisers, acknowledge the requisition notice (the "Notice of Requisition") received on the 3^rd of December 2025 from Saba Capital Management, L.P. ("Saba") (via Vidacos Nominees Limited) seeking to convene a General Meeting (the "Requisition GM"). The Notice of Requisition requests that, at the Requisition GM, Shareholders of the Company consider and vote on ordinary resolutions to remove the Company's six independent non-executive directors and appoint Gabi Gliksberg, Jassen Trenkow and Michael Joseph as directors of the Company.

With respect to the Notice of Requisition, the Board recommends that Shareholders take no action and await a further announcement from the Company that will be made in due course.

Jonathan Simpson-Dent, Chair of Edinburgh Worldwide, said "Saba has for a second time launched a power grab calling for the entire Board to be replaced with US candidates of their own choosing. Their goal is clear - to gain control of the Company to prioritise their own commercial interests.

Saba's letter does not acknowledge the significant progress EWIT has achieved since this Board reset the Company on a path for growth a year ago. Since then, NAV total return has been +13.1%, well ahead of the S&P Global Small Cap Index (+5.0%), the Company's benchmark index.

Furthermore, the Company's proactive steps over the last year have supported a tightly managed discount, currently 5.4%, significantly narrower than the Global Smaller Companies peer group weighted average discount of 11.0%.¹

Shareholders should not be fooled by this US hedge fund's claims. This Board remains fully committed to serving the best interests of all Shareholders. Saba's proposal would result in a Board answerable to only one."

1: All data sourced from Deutsche Numis Research and made up to 2 December 2025

For further information please contact:

Investors:

Deutsche Numis

Nathan Brown

Tel: +44 20 7260 1426

Matt Goss

Tel: +44 20 7260 1642

Media:

Greenbrook Advisory

Rob White / Peter Hewer

+44 207 952 2000

ewit@greenbrookadvisory.com

Company Secretary:

Baillie Gifford & Co Limited

crtallenquiries@bailliegifford.com

Tel 0131 275 2000

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END