Perpetual Income & Growth Investment Trust plc commences share repurchases on July 30, 2018 under the program mandated by the shareholders in the Annual General Meeting held on July 17, 2018. As per the mandate, the company is authorized to repurchase up to 36,040,809 shares, representing 14.99% of its issued ordinary share capital. The minimum price which may be paid for a share shall be 10p. The maximum price which may be paid for a share shall be an amount equal to 105% of the average of the middle market quotations for a share taken from and calculated by reference to the London Stock Exchange Daily Official List for five business days immediately preceding the day on which the share is purchased. Any purchase of shares will be made in the market for cash at prices below the prevailing net asset value per share. The company may make a contract to purchase shares under the authority hereby conferred prior to the expiry of such authority which will be executed wholly or partly after the expiration of such authority and may make a purchase of shares pursuant to any such contract. The authority hereby conferred shall expire at the conclusion of the next Annual General Meeting of the company or on the expiry of 15 months whichever is earlier.