The Board of The Mercantile Investment Trust plc announced the appointments of Rachel Beagles and Damien Maltarp as Non-Executive Directors of the Company with effect from 1 June 2021. It has previously been announced that Helen James will be retiring as a Director at the conclusion of the Company's Annual General Meeting in 2021. Jeremy Tigue will be retiring from the Board at or before the Annual General Meeting in 2022. Mrs. Beagles has over 15 years' of experience in the investment company sector, including six years as an Association of Investment Companies (the 'AIC') board member, of which three were served as chair. She remains on the AIC Board, and is also a non-executive director of Witan Investment Trust plc and Gresham House plc. During the past five years she has also been chairman of Securities Trust of Scotland plc and a non-executive director of Aberdeen New India Investment Trust plc, and Blackrock Emerging Europe plc. Mr. Maltarp is currently CFO of Enterprise, the UK business-to-business arm of BT Group plc. He is an executive with more than 20 years' experience across a range of financial disciplines including operational and commercial finance, assurance, audit, investor relations and equity analysis.