Witan Investment Trust PLC — Financial Supplement Data 2016

Mar 31, 2016

Please see the disclaimer at the end of this document

WITAN INVESTMENT TRUST PLC
PORTFOLIO LISTING AS AT 31.03.2016

SECURITY	% OF TOTAL INVESTMENT
COMCAST CORP A USD1	1.71
SVG CAP ORD GBP1	1.59
LONDON STK EXCHANGE GRP GBP0.06918605	1.53
DIAGEO GBP28.93518	1.48
UNILEVER GBP0.031111	1.41
PRINCESS PRIVATE EQTY HLDGS ORD EUR0.001	1.37
RELX GBP0.144397	1.35
BLACKROCK WORLD MINING TST ORD GBP0.05	1.30
APAX GBL ALPHA NPV	1.29
BT GRP ORD GBP0.05	1.27
SAGE GRP THE GBP0.01051948	1.26
ALPHABET A USD0.001	1.10
VONOVIA SE NPV	1.08
DAILY MAIL & GENERAL TST (ASHS) GBP0.125	0.97
PEARSON GBP0.25	0.93
JPMORGAN CHASE & CO USD1	0.91
LLOYDS BANKING GRP GBP0.1	0.89
ORACLE CORP USD0.01	0.85
VISA A SHS USD0.0001	0.84
SCHRODERS GBP1	0.83
EDINBURGH DRAGON TST 3.5% 31/01/18 CNV GBP	0.79
NB DISTRESSED DEBT ORD NPV (FULLY PD PART RED)	0.78
DELTA AIR LINES USD0.0001	0.76
TIME WARNER CABLE USD0.01	0.76
AMAZON.COM USD0.01	0.75
GLAXOSMITHKLINE ORD GBP0.25	0.72
BP USD0.25	0.71
HARGREAVES LANSDOWN GBP0.004	0.69
RATHBONE BROTHERS GBP0.05	0.69
NIKE B NPV	0.66
CAPITA GRP GBP0.020667	0.65
BURBERRY GRP ORD GBP0.0005	0.65
INTL CONSOLIDATED AIRLINE EUR0.5	0.62
MICROSOFT CORP USD0.00000625	0.61
WELLS FARGO & CO USD1.666	0.60
UNITEDHEALTH GRP USD0.01	0.59
QUALCOMM USD0.0001	0.56
WALT DISNEY CO USD0.01	0.55
SAFRAN EUR0.20	0.54
RECKITT BENCKISER GRP GBP0.1	0.53
ABERFORTH GEARED INCOME TST ORD GBP0.01	0.52
MICRO FOCUS INTL GBP0.10	0.50
JAPAN TOBACCO NPV	0.49
AMER EXPRESS COM USD0.20	0.49
L BRANDS COM USD0.50	0.48
IMPERIAL BRANDS GBP0.1	0.48
WATERS CORP USD0.01	0.48
FIDESSA GRP ORD GBP0.1	0.47
PHOENIX FUND SVCS SOMERST EMG MKT SML CAP ACC	0.47
ASTRAZENECA ORD USD0.25	0.46
JZ CAP PARTNERS 6% 31/03/21 CNV JZCP GBP	0.45
TAIWAN SEMICONDUCTOR MANUFACTURING 1 ADS REP 5 ORD TWD10	0.45
CVS HEALTH CORP USD0.01	0.45
BAXTER INTL COM USD1	0.44
VODAFONE GRP USD0.2095	0.43
HOYA CORP NPV	0.43
AIRBUS GRP EUR1	0.42
BRIDGESTONE CORP NPV	0.42
SES FDR EACH REP 1 A NPV	0.40
LG CHEM KRW5000 PREF	0.40
APPLE NPV	0.40
VARIAN MEDICAL SYSTEMS USD1	0.39
SHENZHOU INTL GRP HKD0.10	0.39
NTT DOCOMO NPV	0.38
ROLLS ROYCE HLDGS GBP0.2	0.38
DENTSPLY SIRONA USD0.01	0.38
ITOCHU CORP NPV	0.38
BERENDSEN GBP0.3	0.37
ROCHE HLDGS AG-GENUSSCHEIN NPV	0.37
MINTH GRP HKD0.1	0.36
KAO CORP NPV	0.35
COMPUTACENTER ORD GBP0.075555	0.34
SUMITOMO MITSUI FINANCIAL GRP NPV	0.34
INFORMA GBP0.001	0.34
SONIC HEALTHCARE NPV	0.34
BARCLAYS GBP0.25	0.34
BRITISH AMER TOBACCO GBP0.25	0.33
ROYAL DUTCH SHELL A SHS EUR0.07	0.33

---

SECURITY	% OF TOTAL INVESTMENT
ROYAL DUTCH SHELL B SHS EUR0.07	0.33
ALLERGAN COM USD0.0001	0.33
TOTAL EUR2.5	0.32
RIO TINTO ORD GBP0.1	0.32
EUROMONEY INSTL INVESTOR GBP0.0025	0.32
BAE SYSTEMS ORD GBP0.025	0.31
FACEBOOK A USD0.000006	0.31
KT&G CORP KRW5000	0.31
SMITHS GRP GBP0.375	0.31
SMITH & NEPHEW ORD USD0.2	0.31
RSA INSURANCE GRP GBP0.01	0.31
IMI GBP0.2857	0.31
WPP GBP0.10	0.30
UBS GRP CHF0.10	0.30
EXPRESS SCRIPTS HLDGS CO USD0.01	0.30
GREENE KING GBP0.125	0.30
CHUNGHWA TELECOM ADR REP 10 ORD TWD10	0.30
STAGECOACH GRP ORD GBP0.0054824	0.29
CISCO SYSTEMS USD0.001	0.29
WESTFIELD CORP NPV STAPLED UNITS	0.29
AIA GRP NPV	0.29
HAYS GBP0.01	0.28
ABERDEEN ASIAN SMALLER COS 3.5% 31/05/19 CNV AAS GBP	0.28
JOHNSON & JOHNSON USD1	0.28
MITIE GRP ORD GBP0.025	0.27
ROYAL BANK OF SCOTLAND GRP GBP1	0.27
CENTRICA GBP0.061728	0.27
E2V TECHNOLOGIES GBP0.05	0.27
HALLIBURTON CO USD2.5	0.26
BGF RETAIL CO KRW5000	0.26
PIGEON CORP NPV	0.26
OMNICOM GRP COM USD0.15	0.26
IG GRP HLDGS GBP0.00005	0.26
SCHNEIDER ELECTRIC EUR4	0.26
TRAVIS PERKINS GBP0.1	0.26
ITV GBP0.1	0.26
SUNTORY BEVERAGE & FOOD NPV	0.26
SPECTRIS GRP ORD GBP0.05	0.26
CHINA CONSTRUCTION BANK H CNY1	0.25
FIRSTGROUP GBP0.05	0.25
NOVARTIS REG CHF0.50	0.25
COMPASS GRP GBP0.10625	0.25
HONDA MOTOR CO NPV	0.24
EDENRED EUR2	0.24
TATE & LYLE GBP0.25	0.24
TAIWAN SEMICONDUCTOR MANUFACTURING TWD10	0.24
TUI DI NPV	0.24
THERMO FISHER SCIENTIFIC USD1	0.24
AENA EUR10	0.24
RANK GRP GBP0.1388889	0.24
TELEKOMUNIKASI IND ADR EA REP 200 SER B IDR 250	0.24
CHINA MOBILE 1 ADR REP 5 ORD HKD0.1	0.23
ACCENTURE A USD0.0000225	0.23
XCHANGING GBP0.05	0.23
NESTLE REG CHF0.1	0.23
BRITISH LAND CO ORD GBP0.25	0.23
KONINKLIJKE KPN EUR0.04	0.23
MILLICOM INTL CELLULAR 1 SDR REP 1 USD1.5	0.23
SCHRODER NON VTG ORD GBP1	0.23
HONEYWELL INTL USD1	0.23
THAI BEVERAGE THB1	0.22
TIME WARNER USD0.01	0.22
KELLOGG CO USD0.25	0.22
SKYLARK CO NPV	0.21
HEINEKEN EUR1.6	0.21
WAL-MART STORES USD0.1	0.21
VIETNAM DAIRY PRODUCTS JSC VND10000	0.21
TESCO ORD GBP0.05	0.20
BAYER REG NPV	0.20
COBHAM GBP0.025	0.20
YUEXIU TRANSPORT INFRASTRUCTURE HKD0.10	0.20
TOYO SUISAN KAISHA JPY NPV	0.20
UNITED BUSINESS MEDIA GBP0.1	0.20
WM MORRISON SUPERMARKETS ORD GBP0.1	0.19
MICHAEL PAGE INTL GBP0.01	0.19
VESTAS WIND SYSTEMS DKK1	0.19
LAWSON NPV	0.19
SDL ORD GBP0.01	0.19
LEGRAND EUR4	0.19
VOLKSWAGEN PFD NPV	0.18
GLOBE TELECOM PHP50	0.18

Please see the disclaimer at the end of this document

---

SECURITY	% OF TOTAL INVESTMENT
FRANKLIN RESOURCES USD0.1	0.18
SINGAPORE TECH ENGINEERING NPV	0.18
ITC INR1	0.18
ENI NPV	0.17
FLUITSU NPV	0.17
L OCCITANE INTL EUR0.03	0.17
ULTRA ELECTRONIC HLDGS ORD GBP0.05	0.17
RIGHTMOVE GBP0.01	0.17
HM SAMPOERNA TBK IDR100	0.17
AVNET COM USD1	0.17
STAPLES USD0.0006	0.17
CLARKSON GBP0.25	0.17
COLOPLAST B DKK1	0.17
SAMPO OYJ A SHS NPV	0.17
KONINKLIJKE PHILIPS EUR0.20	0.17
MEARS GRP ORD GBP0.01	0.16
AKZO NOBEL EUR2	0.16
NEWS CORP-CLASS A USD0.01	0.16
SAMSUNG ELECTRONICS CO KRW5000	0.16
AMER INTL GRP USD2.5	0.16
STRYKER CORP USD0.1	0.16
BREVILLE GRP NPV	0.16
MITCHELLS & BUTLERS GBP0.0854167	0.16
CHINA POWER INTL NPV	0.16
MEDTRONIC USD0.1	0.16
CITIGROUP USD0.01	0.16
ROTORK ORD GBP0.005	0.16
CANADIAN NATL RAILWAY CO NPV	0.16
JULIUS BAER GRP CHF0.02	0.16
INTEL CORP USD0.001	0.16
DANONE EUR0.25	0.16
LVMH MOET HENNESSY LOUIS VUI EUR0.3	0.16
CHINA MOBILE NPV	0.16
SPIRENT COMMUNICATIONS GBP0.03333	0.16
STATE STREET CORP USD1	0.15
ARRIS INTL USD0.01	0.15
3M CO USD.01	0.15
EXXON MOBIL CORP NPV	0.15
RM GBP0.022857	0.15
HSBC HLDGS USD0.5	0.15
POSCO KRW5000	0.15
INTERPUBLIC GRP COS USD0.1	0.15
PHOENIX GRP HLDGS GBP0.0001	0.15
ZIMMER BIOMET HLDGS USD0.01	0.15
SPOTLESS GRP HLDGS NPV	0.15
SKY NETWORK TELEVISION NPV	0.15
FAR EAST HORIZON NPV	0.15
HEWLETT PACKARD ENTERPRIS WI USD0.01	0.15
BANK OF AMER CORP USD0.01	0.15
CIE FINANCIERE RICHEMON-REG CHF1	0.15
FRESENIUS MEDICAL CARE & NPV	0.15
HKBN HKD0.0001	0.15
SVENSKA CELLULOSA B SHS NPV	0.15
HEADLAM GRP ORD GBP0.05	0.15
YOUNG & COS BREWERY A ORD GBP0.125	0.15
SYNTHOMER GBP0.10	0.15
3I GRP GBP0.738636	0.14
FUYAO GLASS INDUSTRY GRP H CNY1	0.14
CONVIVIALITY GBP0.0002	0.14
DEUTSCHE BOERSE NPV (REG)	0.14
CARLSBERG B DKK20	0.14
CAFE DE CORAL HLDGS HKD0.1	0.14
ASSA ABLOY SER'B'NPV (POST SPLIT)	0.14
UNITED PARCEL SERV B USD0.01	0.14
INTERTEK GRP GBP0.01	0.14
BANK OF NEW YORK MELLON CORP USD0.01	0.14
BHARTI INFRATEL INR10	0.14
HP USD0.01	0.14
ADECCO CHF1 (REG)	0.14
BALFOUR BEATTY GBP0.5	0.13
BAIDU ADS EACH REP 0.10 ORD CLS A	0.13
PARKER HANNIFIN CORP USD0.5	0.13
UNITED TECHNOLOGIES CORP USD1	0.13
JIANGSU EXPRESSWAY H CNY1	0.13
VERIZON COMMUNICATIONS USD0.1	0.13
REDCENTRIC GBP0.001	0.13
PERNOD-RICARD EUR1.55	0.13
HOME RETAIL GRP GBP0.1	0.13
ST JUDE MEDICAL USD0.1	0.13
GEBERIT (REG) CHF0.1	0.13
UNITED TRACTORS IDR250	0.13

Please see the disclaimer at the end of this document

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SECURITY	% OF TOTAL INVESTMENT
CAPITALAND RETAIL CHINA TST NPV	0.13
SAGA NPV	0.12
BUNZL GBP0.3214286	0.12
ANHEUSER-BUSCH INBEV NPV	0.12
SIEMENS AG-REG NPV	0.12
MISUMI GRP NPV	0.12
LUXOTTICA GRP EUR0.06	0.12
ENEL EUR1	0.12
SCOR SE EUR7.876972	0.12
MORGAN ADVANCED MATERIALS GBP0.25	0.12
COLGATE-PALMOLIVE CO USD1	0.12
AXEL SPRINGER EUR1	0.12
CREDIT SUISSE GRP REG CHF0.04	0.12
LINDE NPV	0.12
CHINA MACHINERY ENGINEERING H CNY1	0.11
CAPE ORD GBP0.25	0.11
HON HAI PRECISION GDR (REP 2 SHS TWD10) REGS	0.11
ING GROEP CVA EUR0.24	0.11
TELECOM ITALIA EUR0.55	0.11
CREDIT AGRICOLE EUR3	0.11
MTN GRP ZAR0.0001	0.11
NOVO-NORDISK B DKK0.2	0.11
ANRITSU CORP NPV	0.11
ST SHINE OPTICAL TWD10	0.10
HANA FINANCIAL HLDGS ORD KRW	0.10
METLIFE USD0.01	0.10
SHANGHAI LUJIAZUI FIN & TRAD-B CNY1	0.10
SKY GBP0.5	0.10
ABBOTT LABORATORIES NPV	0.10
SEAGATE TECHNOLOGY COM NPV	0.10
GAZPROM PJSC SPON ADR EA REP 2 ORD SHS	0.10
LUDGATE ENVIRONMENTAL FUND ORD NPV	0.10
LINKEDIN CORP COM USD0.0001	0.10
G4S GBP0.25	0.10
PROVIDENT FINANCIAL GBP0.2072727	0.10
CIA SANEAMENTO MINAS GERAIS BRL NPV	0.10
SUPER GRP NPV SGD	0.10
CIGNA CORP USD0.25	0.10
GOLDMAN SACHS GRP USD0.01	0.10
PNC FINANCIAL SERV GRP USD5	0.09
DOVER CORP USD1	0.09
ASCENDAS INDIA TST NPV	0.09
PADDY POWER BETFAIR GBP0.09	0.09
DALI FOODS GRP CO HKD0.01	0.09
ELECTROCOMPONENTS GBP0.1	0.09
DE LA RUE GBP0.4486857	0.09
SVENSKA HANDELSBKN A SHS NPV	0.09
IBSTOCK GBP1	0.09
FDM GRP HLDGS GBP0.01	0.09
QINETIQ GRP GBP0.01	0.09
MERLIN ENTERTAINMENTS GBP0.01	0.09
DEUTSCHE TELEKOM NPV (REG)	0.09
BASF NPV	0.09
SERCOMM CORP TWD10	0.08
COOPER COS COM USD0.10	0.08
YOUNG & COS BREWERY NON VTG ORD GBP0.125	0.08
SONOVA HLDGS AG-REG CHF0.05	0.08
MORGAN STANLEY USD0.01	0.08
PRAXAIR USD0.01	0.08
ABERFORTH GEARED INCOME TST ZERO DIV PREF GBP0.01	0.08
ARA ASSET MGMT NPV	0.08
ZURICH INSURANCE GRP CHF0.1	0.08
STELLA INTL HKD0.1	0.08
HOPEWELL HLDGS NPV	0.08
WILLIS TOWERS WATSON USD0.000304635	0.08
DEVRO INTL ORD GBP0.1	0.08
AUTOZONE USD0.01	0.08
PROCTER & GAMBLE CO USD1	0.08
ANTOFAGASTA GBP0.05	0.08
XL GRP USD0.01	0.08
AVEVA GRP GBP0.03556	0.08
MONSANTO CO USD0.01	0.07
BANK OF IRELAND EUR0.05	0.07
BAYERISCHE MOTOREN WERKE EUR1	0.07
SCHLUMBERGER USD0.01	0.07
DCC EUR0.25	0.07
PFIZER USD0.05	0.07
BRENNTAG NPV	0.07
NATL BANK OF CANADA COM NPV	0.07
FENNER GBP0.25	0.07
BNP PARIBAS EUR2	0.07

Please see the disclaimer at the end of this document

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SECURITY	% OF TOTAL INVESTMENT
DANSKE BANK DKK10	0.07
EXPERIAN USD0.1	0.07
SALLY BEAUTY CO USD0.01	0.07
WILLIAM DEMANT HLDGS DKK1	0.07
INTL BUSINESS MACHINES CORP USD0.2	0.07
ALPHABET -CL C USD0.001	0.07
INTL FLAVORS & FRAGRANCES USD0.125	0.07
AHOLD(KON) EUR0.01	0.07
GRAINGER (WW) COM USD0.5	0.07
GN STORE NORD DKK4	0.07
URBAN OUTFITTERS USD0.0001	0.07
TOYOTA MOTOR CORP NPV	0.07
AMPHENOL CORP A USD0.001	0.07
ADMIRAL GRP GBP0.001	0.06
MERCK KGAA NPV	0.06
MICROCHIP TECHNOLOGY USD0.001	0.06
CARNIVAL USD1.66	0.06
GUANGDONG INVEST NPV	0.06
ABB REG CHF0.86	0.06
VITEC GRP GBP0.2	0.06
MTU AERO ENGINES NPV	0.06
DELPHI AUTOMOTIVE USD0.01	0.06
PADDY POWER EUR0.09	0.06
PHILIP MORRIS INTL NPV	0.06
CME GRP COM USD0.01 CLS A	0.06
SPEEDY HIRE ORD GBP0.05	0.06
FERRARI -W/I EUR0.01	0.06
CNH INDUSTRIAL EUR0.01	0.05
EUROFINS SCIENTIFIC EUR0.1	0.05
DBS GRP HLDGS NPV	0.05
VISCOFAN EUR0.70	0.05
TR PROPERTY INVST TST ORD GBP0.25	0.05
UNICREDIT NPV	0.05
STK SPIRITS GRP GBP0.10	0.05
CONTINENTAL ORD EUR NPV	0.05
REXAM GBP0.8035714	0.05
HOMESERVE ORD GBP0.0269230769	0.05
SAIPEM EUR1	0.05
WH SMITH GBP0.2209	0.05
CEZ CZK100	0.05
ICAP GBP0.1	0.05
MELROSE INDST ORD GBP0.06857143	0.05
UNION PACIFIC CORP USD2.5	0.05
UNITED OVERSEAS BANK NPV	0.05
SSP GRP GBP0.01	0.05
SANDVIK NPV	0.05
MITSUBISHI UFJ FINANCIAL GRP NPV	0.05
WHITBREAD GBP0.7679385	0.05
NATL OILWELL VARCO USD0.01	0.05
ERICSSON SER B NPV	0.05
CNP ASSURANCES EUR1	0.05
WORLEYPARSONS NPV	0.05
FAURECIA EUR7	0.05
AXA EUR2.29	0.05
KDDI CORP JPY5000	0.05
KONINKLIJKE BOSKALIS WESTMINSTER EUR0.8	0.05
RENOLD ORD GBP0.05	0.05
CHECK POINT SOFTWARE TECH USD0.01	0.05
VOYA FINANCIAL USD0.01	0.05
AIR FRANCE-KLM EUR1	0.05
PAYPAL HLDGS W/I USD0.0001	0.04
SERCO GRP GBP0.02	0.04
KBC GROEP NPV	0.04
AVIVA ORD GBP0.25	0.04
VALLOUREC EUR2	0.04
CABLE & WIRELESS COMMUNICATIONS USD0.05	0.04
GROUPE EUROTUNNEL SE REGR EUR0.4	0.04
AMBEV NPV	0.04
GENERAL ELEC CAP CORP USD0.06	0.04
STANDARD CHARTERED USD0.5	0.04
EBAY USD0.001	0.04
MONEYSUPERMARKET.COM ORD GBP0.0002	0.04
GREATVIEW ASEPTIC PACKAGING HKD0.01	0.04
AIR LIQUIDE EUR5.5	0.04
MICHELIN (CGDE) EUR2	0.04
LOGITECH INTL CHF0.25 (REG)	0.04
UNILEVER EUR0.16	0.04
ADIDAS NPV	0.04
GLENCORE USD0.01	0.04
EMERSON ELECTRIC CO USD0.5	0.03
WIENERBERGER NPV	0.03

Please see the disclaimer at the end of this document

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SECURITY	% OF TOTAL INVESTMENT
SWISS RE CHF 0.10	0.03
ERSTE GRP BANK NPV	0.03
GRUPO FINANCIERO BANORTE-O NPV	0.03
THOMAS COOK GRP EUR0.01	0.03
ACERINOX EUR0.25	0.03
STATOIL NOK2.5	0.03
INTL PERSONAL FINANCE GBP0.1	0.03
THALES EUR3	0.03
CTS EVENTIM CO NPV	0.03
SYMRISE NPV	0.03
ITAU UNIBANCO HLDGS 1 ADR REP 1 PREF NPV	0.03
PETS AT HOME GRP GBP0.01	0.03
ZODIAC AEROSPACE NPV	0.03
MEDIASET ESPANA COMUNICACION EUR0.5	0.03
E.ON NPV	0.03
MITSUBISHI PENCIL CO NPV	0.03
INMARSAT EUR0.0005	0.03
BHP BILLITON USD0.5	0.03
IRISH CONTINENTAL GRP EUR0.065	0.03
MODERN TIMES GRP-B SHS NPV	0.02
ITOCHU ENEX CO NPV	0.02
NORDEA BANK ORD NPV	0.02
SANOFI EUR2	0.02
GVC HLDGS EUR0.01	0.02
JUPITER FUND MGMT ORD GBP0.02	0.02
WARTSILA NPV	0.02
OESTERREICHISCHE POST NPV	0.02
WILLIAM HILL GBP0.1	0.02
JUST EAT GBP0.01	0.02
SWEDISH MATCH NPV	0.02
SCHIBSTED A NOK0.5	0.02
JOHNSTON PRESS GBP0.01	0.02
AMER SPORTS OYJ NPV	0.02
DNB NOK10	0.02
KASIKORNBANK THB10 (ALIEN MKT)	0.02
SCHIBSTED -B SHS NOK0.5	0.02
M&G HIGH INCOME INVST TST ZERO DIV PREF SHS 1P	0.02
SANDS CHINA COM USD0.01	0.02
KOMERCNI BANKA CZK500	0.02
CREDICORP COM USD5	0.02
WYNN RESORTS USD0.01	0.02
FIELMANN NPV	0.02
ASML HLDGS EUR0.09 (POST SPLIT)	0.02
AMEC FOSTER WHEELER GBP0.5	0.02
ANDRITZ EUR NPV	0.02
HERMES INTL NPV	0.02
BARRATT DEVELOPMENTS GBP0.1	0.02
ISS DKK1	0.02
HANNOVER RUECK NPV	0.01
METSO NPV	0.01
NEOPOST EUR1	0.01
INTESA SANPAOLO EUR0.52	0.01
HARLEY-DAVIDSON USD0.01	0.01
VICAT EUR4.00	0.01
GEA GRP NPV	0.01
TOPDANMARK DKK1	0.01
TUI NPV	0.01
INCHCAPE GBP0.1	0.01
JC DECAUX NPV	0.01
ARCELORMITTAL NPV	0.01
DAVIDE CAMPARI EUR0.10	0.01
RANDSTAD HLDGS EUR0.1	0.01
GERRESHEIMER NPV (BR)	0.01
HELVETIA HLDGS CHF0.10	0.01
RED STAR MACALLINE GRP C-H CNY1	0.01
NON-STANDARD FINANCE NPV	0.01
CLOSE BROTHERS GRP GBP0.25	0.01
STABILUS EUR0.01	0.01
ST.JAMES'S PLACE ORD GBP0.15	0.01
NATL EXPRESS GRP ORD GBP0.05	0.01
NOW DE USD0.01	0.01
TECHNIP EUR0.7625	0.01
CRH ORD EUR0.32	0.01
INPEX CORP NPV	0.01
DIALIGHT GRP GBP0.0189	0.01
ELIS -W/I EUR0.5	0.01
PETROFAC USD0.02	0.01
NORTHGATE ORD GBP0.5	0.01
IMERYS EUR2	0.01
MILLENNIUM & COPTHORNE HOTEL GBP0.3	0.01
CASHRE CAPITALAND RETAIL CHINA TST NPV*	0.00

Please see the disclaimer at the end of this document

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SECURITY	% OF TOTAL INVESTMENT
SOCIETE VIRBAC EUR1.25*	0.00
STANLEY GIBBONS GRP ORD GBP0.01*	0.00
BANCO SANTANDER EUR0.5 (REG)*	0.00
ARCELORMITTAL NPV (S/R)*	0.00
ORIFLAME HLDGS CHF1.5*	0.00
IRISH CONTINENTAL GRP EUR0.065*	0.00
RENISHAW GBP0.2*	0.00
GIVALIDAN CHF10 (SUB RIGHTS 29/06/09) (DUMMY)*	0.00
CARILLION GBP0.5*	0.00
LANCER OFFSHORE ORD SHS*	0.00
OPEN-ENDED FUNDS
ISHARES TST MSCI ACWI ETF*	0.90
POLAR CAP FUND GBL INSURANCE E DIS*	0.22
TOTAL	100

*Constitutes less than 0.005% of total investment

Witan Investment Services, 14 Queen Anne's Gate, London SW1H 9AA.

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