Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

All relevant boxes should be completed in block capital letters.

1.

Name of the issuer

SCOTTISH MORTGAGE INVESTMENT TRUST

2.

THE NOTIFICATION RELATES TO A TRANSACTION NOTIFIED IN ACCORDANCE WITH DTR 3.1.2 R

3.

Name of person discharging managerial

responsibilities/director

MS FIONA MCBAIN

4.

State whether notification relates to a person

connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

N/A

5.

Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a nonbeneficial

interest 1

IN RESPECT OF DIRECTOR NAMED IN 3.

6.

Description of shares (including class), debentures or derivatives or financial instruments relating to shares

ORDINARY 5P SHARES

7.

Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

NOT NOTIFIED

8.

State the nature of the transaction

PURCHASE - DIVID

distributed by