Rights and Issues Investment Trust Public Limited Company announced that Simon Knott, Investment Director, intends to retire as the investment manager of the Company with effect from 1st September 2022. The Board is pleased to note that Simon will continue as a non-executive director of the Company. With the help of external consultants, the Board has carried out a thorough review of potential investment managers to succeed Simon and is now pleased to announce that, following this review, it intends to appoint Jupiter Unit Trust Managers Limited (“JUTM”) as the Company's new investment manager with effect from 1stSeptember, 2022.

The lead investment manager will be Dan Nickols who will be supported by Matt Cable, both experienced investment managers within the UK Small and Mid-Cap Equity team of Jupiter. Subject to approval from the Financial Conduct Authority, it is also intended that JUTM will become the Alternative Investment Fund Manager (AIFM) and the Company will no longer be a self-managed Alternative Investment Fund with effect from 1st September. This appointment will not result in a change to the investment objective or investment policy of the Company and does not require shareholder approval.