Witan Pacific Investment Trust, the Asia Pacific including Japan investment fund, has comfortably beaten its benchmark* in the six months ending 31st July 2009. Over the period, the Trust’s share price returned 27.6% (dividends reinvested) with a net asset value total return of 21.7%. This compares to a benchmark return of 18.8% for the same period.

The Trust’s two underlying managers, Aberdeen Asset Managers and Nomura Asset Management were appointed in view of their complementary investment approach - while Aberdeen benefitted from its bias towards better performing markets and away from Japan, Nomura’s performance was boosted by positive stock selection in Japan. Over the six months in review, Aberdeen’s portfolio returned 27.0% with Nomura returning 17.7%.

Gill Nott, Chairman of Witan Pacific Investment Trust said, “Over the first half of 2009, markets globally moved towards greater stability: the strong stimulus packages implemented both in the west and in China have ensured increased liquidity that has boosted Asian equity markets in particular. However the degree of this rally was in no means uniform across the region with Indonesia returning some 83.9% compared to returns in Japan of 21.7% over the same period. We believe this demonstrates succinctly the benefits of Witan Pacific’s portfolio which offers diversification not only geographically but also by investment manager through its multi-manager structure. Short term volatility aside, Asia Pacific should be an increasingly important part of an investment portfolio and these latest results would suggest that Witan Pacific Investment Trust is an extremely credible means of accessing this opportunity.”

For further information visit www.witanpacific.com.

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NOTES TO EDITORS
*Witan Pacific Investment Trust’s benchmark is the MSCI AC Asia Pacific Free Index (£)

Witan Pacific Investment Trust plc
Witan Pacific Investment Trust is an Asia-Pacific Trust with assets of £123m (AIC MIS as at 31.07.09). The Trust moved to a multi-manager structure on 27 May 2005 with Witan Investment Services as Executive Manager.

Witan Investment Services Limited is a wholly owned subsidiary of Witan Investment Trust plc.

Witan Pacific Investment Trust plc is registered as an Investment Company in England No 91798.