Witan Investment Trust PLC — Financial Supplement Data 2016

Nov 30, 2016

WITAN INVESTMENT TRUST PLC

PORTFOLIO LISTING AS AT 30.11.2016

Witan

SECURITY	% OF TOTAL INVESTMENT
COMCAST CORP A USD1	1.99
PRINCESS PRIVATE EQTY HLDGS ORD EURO.001	1.76
BLACKROCK WORLD MINING TST ORD GBP0.05	1.60
LONDON STK EXCHANGE GRP GBP0.06918605	1.55
APAX GBL ALPHA NPV	1.49
DIAGEO GBP28.93518	1.40
JPMORGAN CHASE & CO USD1	1.39
ALPHABET A USD0.001	1.22
BT GRP ORD GBP0.05	1.21
VONOVIA SE NPV	1.13
RELX GBP0.144397	1.11
UNILEVER GBP0.031111	1.10
BACIT ORD NPV	1.02
DAILY MAIL & GENERAL TST (ASHS) GBP0.125	0.97
SAGE GRP THE GBP0.01051948	0.96
PEARSON GBP0.25	0.92
ORACLE CORP USD0.01	0.86
CHARTER COMMUNICATIONS -A USD0.001	0.85
DELTA AIR LINES USD0.0001	0.85
WALT DISNEY CO USD0.01	0.79
LLOYDS BANKING GRP GBP0.1	0.78
AMAZON.COM USD0.01	0.76
SCHRODERS GBP1	0.75
ABERFORTH GEARED INCOME TST ORD GBP0.01	0.74
EDINBURGH DRAGON TST 3.5% 31/01/18 CNV GBP	0.74
NB DISTRESSED DEBT ORD NPV(POST PART RED)	0.71
BARCLAYS GBP0.25	0.70
NIKE B NPV	0.66
UNITEDHEALTH GRP USD0.01	0.65
BURBERRY GRP ORD GBP0.0005	0.63
AMER EXPRESS COM USD0.20	0.62
GLAXOSMITHKLINE ORD GBP0.25	0.58
BP USD0.25	0.58
TESCO ORD GBP0.05	0.58
SAFRAN EURO.20	0.57
HARGREAVES LANSDOWN GBP0.004	0.57
MICROSOFT CORP USD0.00000625	0.56
TAIWAN SEMICONDUCTOR MANUFACTURING 1 ADS REP 5 ORD TWD10	0.54
MINTH GRP HKD0.1	0.54
AIRBUS GRP EUR1	0.54
RATHBONE BROTHERS GBP0.05	0.51
INTL CONSOLIDATED AIRLINE EURO.5	0.51
L BRANDS COM USD0.50	0.51
CITIGROUP USD0.01	0.51
BANK OF AMER CORP USD0.01	0.50
ALLERGAN COM USD0.0001	0.48
ROCHE HLDGS AG-GENUSSCHEIN NPV	0.48
MICRO FOCUS INTL GBP0.10	0.47
SHENZHOU INTL GRP HKD0.10	0.46
SUMITOMO MITSUI FINANCIAL GRP NPV	0.46
WATERS CORP USD0.01	0.45
FACEBOOK A USD0.000006	0.45
BAXTER INTL COM USD1	0.45
JZ CAP PARTNERS 6% 31/03/21 CNV JZCP GBP	0.44
TR PROPERTY INVST TST ORD GBP0.25	0.42
CAPITA GRP GBP0.020667	0.42
INFORMA GBP0.001	0.42
ABERDEEN ASIAN SMALLER COS 3.5% 31/05/19 CNV AAS GBP	0.41
EXPRESS SCRIPTS HLDGS CO USD0.01	0.41
SONIC HEALTHCARE NPV	0.41

Please see the disclaimer at the end of this document.

---

Clean

% OF TOTAL INVESTMENT

Witan

SECURITY

FIDESSA GRP ORD GBPO.1 0.40
MITSUBISHI UFJ FINANCIAL GRP NPV 0.40
SANDS CHINA COM USD0.01 0.40
RECKITT BENCKISER GRP GBPO.1 0.40
UNITED OVERSEAS BANK NPV 0.40
RSA INSURANCE GRP GBPO.01 0.39
CVS HEALTH CORP USD0.01 0.39
CENTRICA GBPO.061728 0.39
DENTSPLY SIRONA USD0.01 0.37
SMITHS GRP GBPO.375 0.37
HAYS GBPO.01 0.37
ITOCHU CORP NPV 0.37
ROYAL DUTCH SHELL A SHS EURO.07 0.36
LG CHEM KRW5000 PREF 0.36
ROLLS ROYCE HLDGS GBPO.2 0.35
RIO TINTO ORD GBPO.1 0.35
FUJITSU NPV 0.35
SAMSUNG ELECTRONICS CO KRW5000 0.34
EUROMONEY INSTL INVESTOR GBPO.0025 0.34
VARIAN MEDICAL SYSTEMS USD1 0.34
VISA A SHS USD0.0001 0.33
HALLIBURTON CO USD2.5 0.33
HOYA CORP NPV 0.33
BRITISH LAND CO ORD GBPO.25 0.33
COMPUTACENTER ORD GBPO.075555 0.32
TOTAL EUR2.5 0.32
BAIDU ADS EACH REP 0.10 ORD CLS A 0.32
AIA GRP NPV 0.32
BGF RETAIL CO KRW5000 0.32
BAE SYSTEMS ORD GBPO.025 0.32
UBS GRP CHF0.10 0.31
IG GRP HLDGS GBPO.00005 0.31
HONDA MOTOR CO NPV 0.31
JAPAN TOBACCO NPV 0.30
OMNICOM GRP COM USD0.15 0.30
TAIWAN SEMICONDUCTOR MANUFACTURING TWD10 0.30
SAMSUNG ELECTRONICS CO PFD KRW5000 0.29
COBHAM GBPO.025 0.28
CISCO SYSTEMS USD0.001 0.28
CHINA CONSTRUCTION BANK H CNY1 0.27
SCHNEIDER ELECTRIC EUR4 0.27
IMPERIAL BRANDS GBPO.1 0.27
PIGEON CORP NPV 0.27
STAGECOACH GRP ORD GBPO.0054824 0.27
TRAVIS PERKINS GBPO.1 0.27
IMI GBPO.2857 0.27
ITV GBPO.1 0.27
BALFOUR BEATTY GBPO.5 0.27
SAGA NPV 0.26
SPECTRIS GRP ORD GBPO.05 0.26
BRIDGESTONE CORP NPV 0.26
AENA EUR10 0.26
JOHNSON MATTHEY GBP1.101698 0.26
DEUTSCHE WOHNEN EUR NPV (BR) 0.25
KT&G CORP KRW5000 0.25
CHUNGHWA TELECOM ADR REP 10 ORD TWD10 0.25
SKYLARK CO NPV 0.25
PAGEGROUP GBPO.01 0.24
NOVARTIS REG CHF0.50 0.24
SCHRODER NON VTG ORD GBP1 0.24
SEVEN & I HLDGS CO NPV 0.24
VODAFONE GRP USD0.2095 0.24
BRITISH AMER TOBACCO GBPO.25 0.24

Please see the disclaimer at the end of this document.

---

Clean

% OF TOTAL INVESTMENT

Witan

SECURITY

VIETNAM DAIRY PRODUCTS JSC VND10000
MISUMI GRP NPV 0.23
CHINA MOBILE 1 ADR REP 5 ORD HKD0.1 0.23
ASTRAZENECA ORD USD0.25 0.22
THAI BEVERAGE THB1 0.22
JOHNSON & JOHNSON USD1 0.22
UNITED TRACTORS IDR250 0.22
ROYAL MAIL GBP0.01 0.22
ENI NPV 0.22
SEAGATE TECHNOLOGY COM NPV 0.22
SUNTORY BEVERAGE & FOOD NPV 0.22
MITIE GRP ORD GBP0.025 0.22
HEWLETT PACKARD ENTERPRIS WI USD0.01 0.22
HSBC HLDGS USD0.5 0.22
TIME WARNER USD0.01 0.21
KAO CORP NPV 0.21
ANTOFAGASTA GBP0.05 0.21
RANK GRP GBP0.1388889 0.21
COMPASS GRP GBP0.10625 0.21
THERMO FISHER SCIENTIFIC USD1 0.21
SDL ORD GBP0.01 0.21
WAL-MART STORES USD0.1 0.21
NTT DOCOMO NPV 0.21
L OCCITANE INTL EURO.03 0.20
SPIRENT COMMUNICATIONS GBP0.03333 0.20
ULTRA ELECTRONIC HLDGS ORD GBP0.05 0.20
PICC PROPERTY & CASUALTY SER H CNY1 0.20
VIVENDI EUR5.5 0.20
AVNET COM USD1 0.20
ROTORK ORD GBP0.005 0.20
ITC INR1 0.20
YUEXIU TRANSPORT INFRASTRUCTURE HKD0.10 0.20
FUYAO GLASS INDUSTRY GRP H CNY1 0.20
HONEYWELL INTL USD1 0.19
BREVILLE GRP NPV 0.19
WESTFIELD CORP NPV STAPLED UNITS 0.19
VOLKSWAGEN PFD NPV 0.19
AGGREKO GBP0.04832911 0.19
ACCENTURE A USD0.0000225 0.19
DE LA RUE GBP0.4486857 0.19
BAYER REG NPV 0.19
SINGAPORE TECH ENGINEERING NPV 0.19
ARRIS INTL USD0.01 0.19
MILLICOM INTL CELLULAR 1 SDR REP 1 USD1.5 0.19
NESTLE REG CHF0.1 0.19
SEVEN BANK NPV 0.19
MITSUBISHI PENCIL CO NPV 0.18
HP USD0.01 0.18
POSCO KRW5000 0.18
FRANKLIN RESOURCES USD0.1 0.18
PARKER HANNIFIN CORP USD0.5 0.18
CAFE DE CORAL HLDGS HKD0.1 0.18
GREENE KING GBP0.125 0.18
CHINA GAS HLDGS HKD0.01 0.18
PHOENIX GRP HLDGS GBP0.0001 0.18
STAPLES USD0.0006 0.17
STATE STREET CORP USD1 0.17
WPP GBP0.10 0.17
FAR EAST HORIZON NPV 0.17
SYNTHOMER GBP0.10 0.17
INTEL CORP USD0.001 0.17
LEGRAND EUR4 0.17
KONINKLIJKE PHILIPS EURO.20 0.16

Please see the disclaimer at the end of this document.

---

Clean

% OF TOTAL INVESTMENT

Witan

SECURITY

JULIUS BAER GRP CHF0.02 0.16
WM MORRISON SUPERMARKETS ORD GBP0.1 0.16
MEARS GRP ORD GBP0.01 0.16
NEWS CORP-CLASS A USD0.01 0.16
LINDE NPV 0.16
YOUNG & COS BREWERY A ORD GBP0.125 0.16
HEINEKEN EUR1.6 0.16
CIGNA CORP USD0.25 0.16
KYUSHU RAILWAY CO NPV 0.16
UBM GBP0.1125 0.16
E2V TECHNOLOGIES GBP0.05 0.16
STRYKER CORP USD0.1 0.16
SMITH & NEPHEW ORD USD0.2 0.15
BANK OF NEW YORK MELLON CORP USD0.01 0.15
TOYO SUISAN KAISHA JPY NPV 0.15
MEDTRONIC USD0.1 0.15
DOVER CORP USD1 0.15
EXXON MOBIL CORP NPV 0.15
AKZO NOBEL EUR2 0.15
ING GROEP NPV 0.15
INTERPUBLIC GRP COS USD0.1 0.15
HKBN HKD0.0001 0.15
ZIMMER BIOMET HLDGS USD0.01 0.15
MORGAN ADVANCED MATERIALS GBP0.25 0.14
CLARKSON GBP0.25 0.14
CIE FINANCIERE RICHEMON-REG CHF1 0.14
SIEMENS AG-REG NPV 0.14
CANADIAN NATL RAILWAY CO NPV 0.14
AMER INTL GRP USD2.5 0.14
LVMH MOET HENNESSY LOUIS VUI EUR0.3 0.14
WH GRP USD0.0001 0.14
AMEC FOSTER WHEELER GBP0.5 0.14
VALLOUREC EUR2 0.14
SONY CORP NPV 0.14
SKY GBP0.5 0.14
UNITED PARCEL SERV B USD0.01 0.14
ELECTRA PRIVATE EQTY GBP 0.25 0.14
CHECK POINT SOFTWARE TECH USD0.01 0.14
RM GBP0.022857 0.14
CIKARANG LISTRINDO TBK IDR200 0.13
MELROSE INDST ORD GBP0.06857143 0.13
3M CO USD.01 0.13
BHARTI INFRATEL INR10 0.13
SAMPO OYJ A SHS NPV 0.13
ADECCO GRP REG CHF1 0.13
ST JUDE MEDICAL USD0.1 0.13
HM SAMPOERNA TBK IDR4 0.13
CREDIT AGRICOLE EUR3 0.13
ISUZU MOTORS JPY50 0.13
VERIZON COMMUNICATIONS USD0.1 0.13
VESTAS WIND SYSTEMS DKK1 0.13
STANDARD CHARTERED USD0.5 0.13
HEADLAM GRP ORD GBP0.05 0.13
CREDIT SUISSE GRP REG CHF0.04 0.13
PERNOD-RICARD EUR1.55 0.13
SVENSKA CELLULOSA B SHS NPV 0.13
ROYAL BANK OF SCOTLAND GRP GBP1 0.13
HON HAI PRECISION GDR (REP 2 SHS TWD10) REGS 0.13
ASSA ABLOY SER'B'NPV (POST SPLIT) 0.12
DANONE EUR0.25 0.12
G4S GBP0.25 0.12
GEBERIT (REG) CHF0.1 0.12
FRESENIUS MEDICAL CARE & NPV 0.12

Please see the disclaimer at the end of this document.

---

Clean

% OF TOTAL INVESTMENT

Witan

SECURITY

FENNER GBPO.25 0.12
CHINA MOBILE NPV 0.12
CAPITALAND RETAIL CHINA TST NPV 0.12
WELLS FARGO & CO USD1.666 0.12
RIGHTMOVE GBPO.01 0.12
VOYA FINANCIAL USD0.01 0.12
ENEL EUR1 0.12
GLOBE TELECOM PHP50 0.12
MORGAN STANLEY USD0.01 0.12
GOLDMAN SACHS GRP USD0.01 0.12
INTERTEK GRP GBPO.01 0.12
SCOR SE EUR7.876972 0.12
PROVIDENT FINANCIAL GBPO.2072727 0.12
KONINKLIJKE KPN EURO.04 0.11
FDM GRP HLDGS GBPO.01 0.11
GAZPROM PJSC SPON ADR EA REP 2 ORD SHS 0.11
ASCENDAS INDIA TST NPV 0.11
PNC FINANCIAL SERV GRP USD5 0.11
GUJARAT PIPAVAV PORT INR10 0.11
METLIFE USD0.01 0.11
KELLOGG CO USD0.25 0.11
CARLSBERG B DKK20 0.11
HANA FINANCIAL HLDGS ORD KRW 0.11
INPEX CORP NPV 0.11
JIANGSU EXPRESSWAY H CNY1 0.11
LUXOTTICA GRP EURO.06 0.11
ST SHINE OPTICAL TWD10 0.11
COLOPLAST B DKK1 0.10
SPEEDY HIRE ORD GBPO.05 0.10
INTL BUSINESS MACHINES CORP USD0.2 0.10
BUNZL GBPO.3214286 0.10
WILMAR INTL NPV 0.10
COLGATE-PALMOLIVE CO USD1 0.10
ABBOTT LABORATORIES NPV 0.10
ANHEUSER-BUSCH INBEV NPV 0.10
AXEL SPRINGER EUR1 0.10
COTY A USD0.01 0.10
ZURICH INSURANCE GRP CHFO.1 0.10
MITCHELLS & BUTLERS GBPO.0854167 0.09
SVENSKA HANDELSBKN A SHS NPV 0.09
BASF NPV 0.09
UNITED TECHNOLOGIES CORP USD1 0.09
ANRITSU CORP NPV 0.09
NATL BANK OF CANADA COM NPV 0.09
PROCTER & GAMBLE CO USD1 0.08
CNH INDUSTRIAL EURO.01 0.08
DBS GRP HLDGS NPV 0.08
COOPER COS COM USD0.10 0.08
MONSANTO CO USD0.01 0.08
BNP PARIBAS EUR2 0.08
SCHLUMBERGER USD0.01 0.07
ALPHABET -CL C USD0.001 0.07
BRENNTAG NPV 0.07
RED STAR MACALLINE GRP C-H CNY1 0.07
DEUTSCHE TELEKOM NPV (REG) 0.07
SONOVA HLDGS AG-REG CHFO.05 0.07
PRAXAIR USD0.01 0.07
PFIZER USD0.05 0.07
CAPE ORD GBPO.25 0.07
NOVO-NORDISK B DKK0.2 0.07
3I GRP GBPO.738636 0.07
MERLIN ENTERTAINMENTS GBPO.01 0.07
ABB REG CHFO.12 0.07

Please see the disclaimer at the end of this document.

---

Clean

% OF TOTAL INVESTMENT

Witan

SECURITY

CHINA SHENHUA ENERGY H CNY1 0.07
MERCK KGAA NPV 0.07
DANSKE BANK DKK10 0.06
BAYERISCHE MOTOREN WERKE EUR1 0.06
EXPERIAN USD0.1 0.06
PADDY POWER BETFAIR GBP0.09 0.06
AUTOZONE USD0.01 0.06
VITEC GRP GBP0.2 0.06
SHANKS GRP GBP0.1 0.06
UNION PACIFIC CORP USD2.5 0.06
MICHELIN (CGDE) EUR2 0.06
RESTAURANT GRP GBP0.28125 0.06
GRAINGER (WW) COM USD0.5 0.06
MTU AERO ENGINES NPV 0.06
GN STORE NORD DKK4 0.06
CNP ASSURANCES EUR1 0.06
MUENCHENER RUECKVER REG NPV 0.06
RENOLD ORD GBP0.05 0.06
EBAY USD0.001 0.06
EUROFINS SCIENTIFIC EURO.1 0.06
HOMESERVE ORD GBP0.0269230769 0.06
XL GRP NPV 0.05
STK SPIRITS GRP GBP0.10 0.05
AMPHENOL CORP A USD0.001 0.05
DCC EUR0.25 0.05
COGNIZANT TECH SOLUTIONS-A USD0.01 0.05
TOYOTA MOTOR CORP NPV 0.05
SAIPEM EUR1 0.05
SAVILLS GBP0.025 0.05
MICROCHIP TECHNOLOGY USD0.001 0.05
BANK OF IRELAND EUR0.05 0.05
SANDVIK NPV 0.05
KONINKLIJKE AHOLD DELHAIZE EURO.01 0.05
GLENCORE USD0.01 0.05
WILLIAM DEMANT HLDGS DKK0.2 0.05
SSP GRP GBP0.01 0.05
ADIDAS NPV 0.05
LOGITECH INTL CHF0.25 (REG) 0.05
SALLY BEAUTY CO USD0.01 0.05
ADMIRAL GRP GBP0.001 0.05
CARNIVAL USD1.66 0.05
HARLEY-DAVIDSON USD0.01 0.05
FAURECIA EUR7 0.05
TUI DI NPV 0.05
SERCO GRP GBP0.02 0.05
KUBOTA CORP NPV 0.05
WH SMITH GBP0.2209 0.05
ZODIAC AEROSPACE NPV 0.05
SENIOR GBP0.1 0.04
FIRSTGROUP GBP0.05 0.04
URBAN OUTFITTERS USD0.0001 0.04
DELPHI AUTOMOTIVE USD0.01 0.04
ROYAL DUTCH SHELL B SHS EUR0.07 0.04
HASBRO USD0.5 0.04
GENERAL ELEC CAP CORP USD0.06 0.04
AXA EUR2.29 0.04
WHITBREAD GBP0.7679385 0.04
LUDGATE ENVIRONMENTAL FUND ORD NPV 0.04
CIA SANEAMENTO MINAS GERAIS BRL NPV 0.04
THOMAS COOK GRP EUR0.01 0.04
ICAP GBP0.1 0.04
PAYPAL HLDGS W/I USD0.0001 0.04
DEUTSCHE BOERSE TENDER NPV 0.04

Please see the disclaimer at the end of this document.

---

Clean

% OF TOTAL INVESTMENT

Witan

SECURITY

VISCOFAN EURO.70
TELECOM ITALIA EURO.55
EMERSON ELECTRIC CO USD0.5
WILLIAMS-SONOMA COM USD0.01
PADDY POWER EURO.09
ARA ASSET MGMT NPV
SKS MICROFINANCE INRIO
BHP BILLITON USD0.5
AMBEV NPV
KONINKLIJKE BOSKALIS WESTMINSTER EURO.8
DALI FOODS GRP CO HKD0.01
AIR LIQUIDE EUR5.5
UNILEVER EURO.16
CONVATEC GRP WI NPV
ACERINOX EURO.25
STATOIL NOK2.5
THALES EUR3
CONVIVIALITY GBPO.0002
GROUPE EUROUNNEL SE REGR EURO.4
ARCELORMITTAL NPV
STABILUS EURO.01
SWISS RE CHF 0.10
ERSTE GRP BANK NPV
EDENRED EUR2
PHILIP MORRIS INTL NPV
WIENERBERGER NPV
WORLEYPARSONS NPV
UNICREDIT NPV
NATL OILWELL VARCO USD0.01
MARRIOTT INTL A USD0.01
NORDEA BANK ORD NPV
JUST EAT GBPO.01
SHRIRAM CITY UNION FINANCE INRIO
ST.JAMES'S PLACE ORD GBPO.15
JP MORGAN GBL CONVERTIBLES FD ORD NPV
SYMRISE NPV
INTL FLAVORS & FRAGRANCES USD0.125
GRUPO FINANCIERO BANORTE-O NPV
GVC HLDGS EURO.01
INTL PERSONAL FINANCE GBPO.1
CTS EVENTIM CO NPV
AIR FRANCE-KLM EUR1
DNB NOK10
MONEYSUPERMARKET.COM ORD GBPO.0002
NATL GRID GBPO.113
MEDIASET ESPANA COMUNICACION EURO.5
ERICSSON SER B NPV
SANOFI EUR2
EASYJET GBPO.27285714
TUI NPV
WARTSILA NPV
MODERN TIMES GRP-B SHS NPV
JUPITER FUND MGMT ORD GBPO.02
NEOPOST EUR1
SWEDISH MATCH NPV
M&G HIGH INCOME INVST TST ZERO DIV PREF SHS 1P
PETS AT HOME GRP GBPO.01
IRISH CONTINENTAL GRP EURO.065
AMER SPORTS OYJ NPV
KASIKORNBANK THB10 (ALIEN MKT)
OESTERREICHISCHE POST NPV
BERENDSEN GBPO.3
WYNN RESORTS USD0.01

Please see the disclaimer at the end of this document.

---

Witan

SECURITY

SECURITY	% OF TOTAL INVESTMENT
HERMES INTL NPV	0.02
METSO NPV	0.02
SCHIBSTED A NOKO.5	0.01
ASML HLDGS EURO.09 (POST SPLIT)	0.01
ESSENTRA GBPO.25	0.01
SCHIBSTED -B SHS NOKO.5	0.01
ANDRITZ EUR NPV	0.01
FIELMANN NPV	0.01
ISS DKK1	0.01
JC DECAUX NPV	0.01
AUTO TRADER GRP GBPO.01	0.01
KOMERCNI BANKA CZK100	0.01
TOPDANMARK DKK1	0.01
VICAT EUR4.00	0.01
DAVIDE CAMPARI EURO.10	0.01
HANNOVER RUECK NPV	0.01
BARRATT DEVELOPMENTS GBPO.1	0.01
INTESA SANPAOLO EURO.52	0.01
TECHNIP EURO.7625	0.01
RANDSTAD HLDGS EURO.1	0.01
GEA GRP NPV	0.01
NOW DE USD0.01	0.01
GERRESHEIMER NPV (BR)	0.01
CRH ORD EURO.32	0.01
HELVETIA HLDGS CHFO.10	0.01
INCHCAPE GBPO.1	0.01
CLOSE BROTHERS GRP GBPO.25	0.01
DEVRO INTL ORD GBPO.1	0.01
NATL EXPRESS GRP ORD GBPO.05	0.01
JOHNSTON PRESS GBPO.01	0.01
NON-STANDARD FINANCE NPV	0.01
IMERYS EUR2	0.01
ELIS -W/I EURO.5	0.01
NORTHGATE ORD GBPO.5	0.01
MILLENNIUM & COPTHORNE HOTEL GBPO.3	0.01
MCCARTHY & STONE GBPO.08*	0.00
PETROFAC USD0.02*	0.00
GREATVIEW ASEPTIC PACKAGING HKD0.01*	0.00
BANCO SANTANDER EURO.5 (REG)*	0.00
ORIFLAME HLDGS CHF1.5*	0.00
SOCIETE VIRBAC EUR1.25*	0.00
ROLLS ROYCE HLDGS PREF NPV*	0.00
TECHNOGYM NPV*	0.00
IRISH CONTINENTAL GRP EURO.065*	0.00
GIVAUDAN CHF10 (SUB RIGHTS 29/06/09) (DUMMY)*	0.00
BACIT NPV (DUMMY RIGHTS) (OPEN OFFER)*	0.00
CARILLION GBPO.5*	0.00
LANCER OFFSHORE ORD SHS*	0.00
OPEN-ENDED FUNDS
ISHARES TST MSCI ACWI ETF	0.79
MAITLAND INSTL SVC MI SOMERSET EMG MKTS SMALL	0.75
TOTAL	100.00

*Constitutes less than 0.005% of total investment

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

This document may not be reproduced in any form without the express permission of Witan Investment Services Limited and to the extent that it is passed on care must be taken to ensure that this reproduction is in a form which accurately reflects the information presented here. Whilst Witan Investment Services Limited believe that the information is correct at the date of production, no representation, warranty or undertaking, express or implied, is given as to the accuracy or completeness of the information or opinions in this document by any of Witan Investment Services Limited

Please see the disclaimer at the end of this document.