Alliance Witan plc (ALW) Ordinary 2.5p Shares

Alliance Witan PLC is a United Kingdom-based investment trust. The Company’s objective is to be a core investment for investors that delivers a real return over the long term through a combination of capital growth and a rising dividend. The Company invests primarily in global equities across a wide range of different sectors and industries to achieve its objective. It aims to deliver long term growth in capital and income through investing in the world’s stock markets. Its portfolio is designed to be a core investment for retail investors, professionally advised private clients and institutions. The Company’s portfolio of investments in various sectors includes information technology, industrial, financials, healthcare, communication services, consumer discretionary, energy, consumer staples, materials, utilities, real estate, and stock picker cash. Its alternative investment fund manager is Towers Watson Investment Management Limited.

To be a core investment for investors that delivers a real return over the long term through a combination of capital growth and a rising dividend. The Company invests primarily in global equities across a wide range of different sectors and industries to achieve its objective.

• Ongoing charge0.56%
• Annual management charge0.52% of Net Assets
• Performance feeNo

the management fee payable by ATST will be adjusted based on the Enlarged ATSTs market capitalisation. Specifically, the fee will be set at 0.52 percent per annum on the first 2.5 billion, 0.49 percent per annum on market capitalisation exceeding 2.5 billion but not exceeding 5.0 billion, and 0.46 percent per annum on any market capitalisation above 5.0 billion.