Witan Investment Trust PLC — Fund Information / Factsheet 2016

Feb 3, 2016

WITAN INVESTMENT TRUST PLC PORTFOLIO LISTING AS AT 31.10.2015

SECURITY	% OF TOTAL
COMCAST CORP A USD1	INVESTMENT 1.66
DIAGEO GBP28.93518	1.50
LONDON STK EXCHANGE GRP GBP0.06918605	1.40
PRINCESS PRIVATE EQTY HLDGS ORD EUR0.001 UNILEVER GBP0.031111	1.40 1.32
APAX GBL ALPHA NPV	1.28
RELX GBP0.144397	1.24
BLACKROCK WORLD MINING TST ORD GBP0.05	1.23
BT GRP ORD GBP0.05 SVG CAP ORD GBP1	1.16 1.12
SAGE GRP THE GBP0.01051948	1.11
NB DISTRESSED DEBT ORD NPV	1.04
DAILY MAIL & GENERAL TST (ASHS) GBP0.125	1.00
VONOVIA SE NPV SCHRODERS GBP1	0.95 0.94
VISA A SHS USD0.0001	0.92
MICROSOFT CORP USD0.00000625	0.91
LLOYDS BANKING GRP GBP0.1	0.88
PEARSON GBP0.25 JPMORGAN CHASE & CO USD1	0.84 0.84
CAPITA GRP GBP0.020667	0.81
ROCHE HLDGS AG-GENUSSCHEIN NPV	0.80
EDINBURGH DRAGON TST 3.5% 31/01/18 CNV GBP	0.78
ORACLE CORP USD0.01 RATHBONE BROTHERS GBP0.05	0.77 0.76
HARGREAVES LANSDOWN GBP0.004	0.76
BP USD0.25	0.74
DELTA AIR LINES USD0.0001	0.73
WALT DISNEY CO USD0.01 GLAXOSMITHKLINE ORD GBP0.25	0.71 0.67
TIME WARNER CABLE USD0.01	0.66
AMAZON.COM USD0.01	0.65
BURBERRY GRP ORD GBP0.0005	0.63
ABERFORTH GEARED INCOME TST ORD GBP0.01 NIKE B NPV	0.63 0.62
ALPHABET A USD0.001	0.61
ACCENTURE A USD0.0000225	0.61
IMPERIAL TOBACCO GRP GBP0.1	0.61
QUALCOMM USD0.0001 BARCLAYS GBP0.25	0.60 0.60
RECKITT BENCKISER GRP GBP0.1	0.59
L BRANDS COM USD0.50	0.59
GOLDMAN SACHS GRP USD0.01	0.58
AMER EXPRESS COM USD0.20 UNITEDHEALTH GRP USD0.01	0.53 0.51
VODAFONE GRP USD0.2095	0.51
SAFRAN EUR0.20	0.50
ASTRAZENECA ORD USD0.25	0.50
JZ CAP PARTNERS 6% 31/03/21 CNV JZCP GBP WATERS CORP USD0.01	0.46 0.44
INTL CONSOLIDATED AIRLINE EUR0.5	0.44
HOYA CORP NPV	0.43
MICRO FOCUS INTL GBP0.10	0.43
CVS HEALTH CORP USD0.01 AIRBUS GRP EUR1	0.40 0.39
SES FDR EACH REP 1 A NPV	0.39
RIO TINTO ORD GBP0.1	0.38
ITOCHU CORP NPV	0.38
FIDESSA GRP ORD GBP0.1 BAXTER INTL COM USD1	0.38 0.38
DEUTSCHE WOHNEN EUR NPV (BR)	0.36
VARIAN MEDICAL SYSTEMS USD1	0.36
MITIE GRP ORD GBP0.025	0.36
BAXALTA USD0.01 TAIWAN SEMICONDUCTOR MANUFACTURING 1 ADS REP 5 ORD TWD10	0.36 0.35
JAPAN TOBACCO NPV	0.35
SUMITOMO MITSUI FINANCIAL GRP NPV	0.35
SHENZHOU INTL GRP HKD0.10	0.35
BRIDGESTONE CORP NPV BRITISH AMER TOBACCO GBP0.25	0.35 0.34
SUNTORY BEVERAGE & FOOD NPV	0.34
ROYAL DUTCH SHELL B SHS EUR0.07	0.34
WELLS FARGO & CO USD1.666	0.33
TOTAL EUR2.5 LG CHEM KRW5000 PREF	0.32 0.32
EUROMONEY INSTL INVESTOR GBP0.0025	0.32
HAYS GBP0.01	0.32
UBS GRP CHF0.10	0.31
NTT DOCOMO NPV IMI GBP0.2857	0.31 0.31
WPP GBP0.10	0.31
SONIC HEALTHCARE NPV	0.31
SIRONA DENTAL SYSTEMS USD0.01	0.31
SMITH & NEPHEW ORD USD0.2 MINTH GRP HKD0.1	0.30 0.30
KAO CORP NPV	0.30
XCHANGING GBP0.05	0.29

SECURITY	% OF TOTAL
EDENRED EUR2	INVESTMENT 0.29
COMPUTACENTER ORD GBP0.075555	0.29
NOVARTIS REG CHF0.50 KT&G CORP KRW5000	0.29 0.28
INFORMA GBP0.001	0.28
HONDA MOTOR CO NPV TRAVIS PERKINS GBP0.1	0.28 0.28
APPLE NPV	0.28
GREENE KING GBP0.125 QINETIQ GRP GBP0.01	0.28 0.28
E2V TECHNOLOGIES GBP0.05	0.27
BAE SYSTEMS ORD GBP0.025 TUI DI NPV	0.27 0.27
HALLIBURTON CO USD2.5	0.27
ROYAL DUTCH SHELL A SHS EUR0.07 CHINA CONSTRUCTION BANK H CNY1	0.27 0.27
STAGECOACH GRP ORD GBP0.0054824	0.26
COBHAM GBP0.025	0.26
ITV GBP0.1 SCHRODER NON VTG ORD GBP1	0.26 0.26
BERENDSEN GBP0.3	0.25
SMITHS GRP GBP0.375 JOHNSON & JOHNSON USD1	0.25 0.25
PACE GBP0.05	0.25
PIGEON CORP NPV IG GRP HLDGS GBP0.00005	0.25 0.25
TATE & LYLE GBP0.25	0.25
COCHLEAR NPV EXPRESS SCRIPTS HLDGS CO USD0.01	0.25 0.24
ROYAL BANK OF SCOTLAND GRP GBP1	0.24
MELROSE INDST ORD GBP0.0012727273	0.24
CHINA MOBILE 1 ADR REP 5 ORD HKD0.1 GUANGDONG INVEST NPV	0.24 0.23
TOYO SUISAN KAISHA JPY NPV	0.23
COMPASS GRP GBP0.10625 CISCO SYSTEMS USD0.001	0.23 0.23
CHUNGHWA TELECOM ADR REP 10 ORD TWD10	0.23
RANK GRP GBP0.1388889 AIA GRP NPV	0.23 0.22
MICHAEL PAGE INTL GBP0.01	0.22
NESTLE REG CHF0.1	0.22
MILLICOM INTL CELLULAR 1 SDR REP 1 USD1.5 G4S GBP0.25	0.22 0.22
AVNET COM USD1	0.22
SPECTRIS GRP ORD GBP0.05 HONEYWELL INTL USD1	0.22 0.22
HEWLETT-PACKARD CO USD0.01	0.22
TIME WARNER USD0.01 BGF RETAIL CO KRW5000	0.21 0.21
THERMO FISHER SCIENTIFIC USD1	0.21
HEINEKEN EUR1.6 MITCHELLS & BUTLERS GBP0.0854167	0.21 0.21
OMNICOM GRP COM USD0.15	0.21
FIRSTGROUP GBP0.05	0.20
SCHNEIDER ELECTRIC EUR4 ULTRA ELECTRONIC HLDGS ORD GBP0.05	0.20 0.20
KELLOGG CO USD0.25	0.20
TESCO ORD GBP0.05 INTEL CORP USD0.001	0.20 0.20
TELEKOMUNIKASI IND ADR EA REP 200 SER B IDR 250	0.19
CHINA MOBILE NPV CITIGROUP USD0.01	0.19 0.19
YUEXIU TRANSPORT INFRASTRUCTURE HKD0.10	0.19
TAIWAN SEMICONDUCTOR MANUFACTURING TWD10 LINKEDIN CORP COM USD0.0001	0.19 0.19
AENA EUR10	0.19
KONINKLIJKE KPN EUR0.04	0.19
NEWS CORP-CLASS A USD0.01 DEUTSCHE BOERSE NPV (REG)	0.19 0.19
SKYLARK CO NPV	0.18
THAI BEVERAGE THB1 HOME RETAIL GRP GBP0.1	0.18 0.18
HSBC HLDGS USD0.5	0.18
BAYER REG NPV CIE FINANCIERE RICHEMON-REG CHF1	0.18 0.18
AMER INTL GRP USD2.5	0.18
ENI NPV BANK OF AMER CORP USD0.01	0.18 0.18
LEGRAND EUR4	0.18
VESTAS WIND SYSTEMS DKK1	0.17
SPOTLESS GRP HLDGS NPV JULIUS BAER GRP CHF0.02	0.17 0.17
CLARKSON GBP0.25	0.17
STATE STREET CORP USD1 UNITED BUSINESS MEDIA GBP0.1	0.17 0.17
CHINA POWER INTL NPV	0.17
L OCCITANE INTL EUR0.03	0.17
WM MORRISON SUPERMARKETS ORD GBP0.1 RIGHTMOVE GBP0.01	0.17 0.17

SECURITY	% OF TOTAL INVESTMENT
MEARS GRP ORD GBP0.01	0.17
WAL-MART STORES USD0.1 SHANGHAI LUJIAZUI FIN & TRAD-B CNY1	0.16 0.16
LVMH MOET HENNESSY LOUIS VUI EUR0.3	0.16
FAR EAST HORIZON NPV	0.16
PHOENIX GRP HLDGS GBP0.0001 SAMSUNG ELECTRONICS CO KRW5000	0.16 0.16
RSA INSURANCE GRP GBP0.01	0.16
GLOBE TELECOM PHP50 3I GRP GBP0.738636	0.16 0.16
AKZO NOBEL EUR2	0.16
CAFE DE CORAL HLDGS HKD0.1	0.16
HEADLAM GRP ORD GBP0.05 SDL ORD GBP0.01	0.16 0.16
MORGAN ADVANCED MATERIALS GBP0.25	0.16
SAMPO OYJ A SHS NPV YOUNG & COS BREWERY A ORD GBP0.125	0.16 0.16
WESTFIELD CORP NPV STAPLED UNITS	0.15
AVIVA ORD GBP0.25 SINGAPORE TECH ENGINEERING NPV	0.15 0.15
STANDARD CHARTERED USD0.5	0.15
ALPHABET -CL C USD0.001	0.15
LAWSON NPV KONINKLIJKE PHILIPS EUR0.20	0.15 0.15
CANADIAN NATL RAILWAY CO NPV	0.15
DANONE EUR0.25 FRANKLIN RESOURCES USD0.1	0.15 0.14
COLOPLAST B DKK1	0.14
EXXON MOBIL CORP NPV	0.14
INTERPUBLIC GRP COS USD0.1 VOLKSWAGEN PFD NPV	0.14 0.14
BANK OF NEW YORK MELLON CORP USD0.01	0.14
LUXOTTICA GRP EUR0.06 ADECCO CHF1 (REG)	0.14 0.14
FUJITSU NPV	0.14
TOTAL ACCESS COMMUNICATION THB2 (NVDR) 3M CO USD.01	0.14 0.14
HKBN HKD0.0001	0.14
FRESENIUS MEDICAL CARE & NPV	0.14
BRITISH LAND CO ORD GBP0.25 HM SAMPOERNA TBK IDR100	0.14 0.14
MEDTRONIC USD0.1	0.14
SVENSKA CELLULOSA B SHS NPV REDCENTRIC GBP0.001	0.14 0.14
TELECOM ITALIA EUR0.55	0.14
UNITED TRACTORS IDR250	0.14
CREDIT SUISSE GRP REG CHF0.04 ASSA ABLOY SER'B'NPV (POST SPLIT)	0.13 0.13
LINDE NPV	0.13
UNITED PARCEL SERV B USD0.01 SYNTHOMER GBP0.10	0.13 0.13
MTN GRP ZAR0.0001	0.13
PERNOD-RICARD EUR1.55 JIANGSU EXPRESSWAY H CNY1	0.13 0.13
CHINA MACHINERY ENGINEERING H CNY1	0.13
UNITED TECHNOLOGIES CORP USD1	0.12
STAPLES USD0.0006 SCOR SE EUR7.876972	0.12 0.12
HOPEWELL HLDGS NPV	0.12
BREVILLE GRP NPV FUYAO GLASS INDUSTRY GRP H CNY1	0.12 0.12
BALFOUR BEATTY GBP0.5	0.12
ENEL EUR1 CREDIT AGRICOLE EUR3	0.12 0.12
ANRITSU CORP NPV	0.12
PARKER HANNIFIN CORP USD0.5	0.12
STRYKER CORP USD0.1 GREATVIEW ASEPTIC PACKAGING HKD0.01	0.12 0.12
ING GROEP CVA EUR0.24	0.12
ST SHINE OPTICAL TWD10 HON HAI PRECISION GDR (REP 2 SHS TWD10) REGS	0.12 0.11
CARLSBERG B DKK20	0.11
ST JUDE MEDICAL USD0.1 INTERTEK GRP GBP0.01	0.11 0.11
CAPE ORD GBP0.25	0.11
COLGATE-PALMOLIVE CO USD1	0.11
SIEMENS AG-REG NPV BUNZL GBP0.3214286	0.11 0.11
NN GRP W/I NPV	0.11
PROVIDENT FINANCIAL GBP0.2072727 SKY GBP0.5	0.11 0.11
ANHEUSER-BUSCH INBEV NPV	0.11
ZIMMER BIOMET HLDGS USD0.01	0.11
VERIZON COMMUNICATIONS USD0.1 INMARSAT EUR0.0005	0.11 0.11
CAPITALAND RETAIL CHINA TST NPV	0.11
CONVIVIALITY GBP0.0002 SAGA NPV	0.10 0.10
PRIMARY HEALTH CARE NPV	0.10

SECURITY	% OF TOTAL
LUDGATE ENVIRONMENTAL FUND ORD NPV	INVESTMENT 0.10
RM GBP0.022857	0.10
FDM GRP HLDGS GBP0.01 BG GRP ORD GBP0.1	0.10 0.10
ABBOTT LABORATORIES NPV	0.10
HAITIAN INTL HLDGS HKD0.10	0.10
AVEVA GRP GBP0.03556 GEBERIT (REG) CHF0.1	0.10 0.10
CONTINENTAL ORD EUR NPV	0.10
SPIRENT COMMUNICATIONS GBP0.03333	0.10
PNC FINANCIAL SERV GRP USD5 NOVO-NORDISK B DKK0.2	0.10 0.09
METLIFE USD0.01	0.09
GAZPROM PJSC SPON ADR EA REP 2 ORD SHS PROCTER & GAMBLE CO USD1	0.09 0.09
SVENSKA HANDELSBKN A SHS NPV	0.09
DOVER CORP USD1	0.09
CIGNA CORP USD0.25 SCHLUMBERGER USD0.01	0.09 0.09
HANA FINANCIAL HLDGS ORD KRW	0.09
YOUNG & COS BREWERY NON VTG ORD GBP0.125	0.09
BANK OF IRELAND EUR0.05 BASF NPV	0.09 0.09
DEUTSCHE TELEKOM NPV (REG)	0.08
PROGRESSIVE CORP USD1 FENNER GBP0.25	0.08 0.08
ABERFORTH GEARED INCOME TST ZERO DIV PREF GBP0.01	0.08
IBSTOCK GBP1	0.08
MORGAN STANLEY USD0.01 DEXERIALS CORP NPV	0.08 0.08
ELECTROCOMPONENTS GBP0.1	0.08
PFIZER USD0.05	0.08
CEZ CZK100 MERLIN ENTERTAINMENTS GBP0.01	0.08 0.08
BNP PARIBAS EUR2	0.08
AUTOZONE USD0.01 ASCENDAS INDIA TST NPV	0.08 0.08
BAYERISCHE MOTOREN WERKE EUR1	0.08
DEVRO INTL ORD GBP0.1	0.07
PRAXAIR USD0.01 XL GRP USD0.01	0.07 0.07
DE LA RUE GBP0.4486857	0.07
TOYOTA MOTOR CORP NPV	0.07
WILLIS GRP HLDGS USD0.000115 SONOVA HLDGS AG-REG CHF0.05	0.07 0.07
VALLOUREC EUR2	0.07
MERCK KGAA NPV VITEC GRP GBP0.2	0.07 0.07
NATL BANK OF CANADA COM NPV	0.07
DIALIGHT GRP GBP0.0189	0.07
UNICREDIT NPV STK SPIRITS GRP GBP0.10	0.07 0.07
DENTSPLY INTL USD0.01	0.07
ARA ASSET MGMT NPV	0.07
KONINKLIJKE BOSKALIS WESTMINSTER EUR0.8 BETFAIR GRP GBP0.00095	0.07 0.07
BANK RAKYAT IDR250	0.07
SERCOMM CORP TWD10 CARNIVAL USD1.66	0.07 0.07
INTL FLAVORS & FRAGRANCES USD0.125	0.06
DCC EUR0.25	0.06
MONSANTO CO USD0.01 ZURICH INSURANCE GRP CHF0.1	0.06 0.06
DANSKE BANK DKK10	0.06
HALMA GBP0.1	0.06
SUPER GRP NPV SGD DELPHI AUTOMOTIVE USD0.01	0.06 0.06
SAVILLS GBP0.025	0.06
ABB REG CHF0.86 EXPERIAN USD0.1	0.06 0.06
MICROCHIP TECHNOLOGY USD0.001	0.06
CIA SANEAMENTO MINAS GERAIS BRL NPV	0.06
XP POWER GBP0.01 GROUPE EUROTUNNEL SE REGR EUR0.4	0.06 0.06
BRENNTAG NPV	0.06
AMPHENOL CORP A USD0.001	0.06
GRAINGER (WW) COM USD0.5 KDDI CORP JPY5000	0.06 0.06
MTU AERO ENGINES NPV	0.06
AHOLD(KON) EUR0.01 NATL OILWELL VARCO USD0.01	0.05 0.05
DBS GRP HLDGS NPV	0.05
WILLIAM DEMANT HLDGS DKK1	0.05
GN STORE NORD DKK4 CME GRP COM USD0.01 CLS A	0.05 0.05
ELECTRA PRIVATE EQTY INVST ZERO DIV PREF SHS GBP0.0001	0.05
ADMIRAL GRP GBP0.001	0.05
WORLEYPARSONS NPV KBC GROEP NPV	0.05 0.05

SECURITY % OF TOTAL INVESTMENT INDRA SISTEMAS EUR0.2 0.05 PHILIP MORRIS INTL NPV 0.05 SSP GRP GBP0.01 0.05 URBAN OUTFITTERS USD0.0001 0.05 EUROFINS SCIENTIFIC EUR0.1 0.05 UNITED OVERSEAS BANK NPV 0.05 SALLY BEAUTY CO USD0.01 0.05 AXA EUR2.29 0.05 PADDY POWER EUR0.09 0.05 VISCOFAN EUR0.70 0.05 AIR LIQUIDE EUR5.5 0.05 WH SMITH GBP0.2209 0.05 ICAP GBP0.1 0.04 HOMESERVE ORD GBP0.0269230769 0.04 RENOLD ORD GBP0.05 0.04 INTL BUSINESS MACHINES CORP USD0.2 0.04 COOPER COS COM USD0.10 0.04 CHECK POINT SOFTWARE TECH USD0.01 0.04 REXAM GBP0.8035714 0.04 BANCO SANTANDER EUR0.5 (REG) 0.04 CNH INDUSTRIAL EUR0.01 0.04 THOMAS COOK GRP EUR0.01 0.04 MONEYSUPERMARKET.COM ORD GBP0.0002 0.04 ERICSSON SER B NPV 0.04 CNP ASSURANCES EUR1 0.04 MCDONALDS CORP USD0.01 0.04 PAYPAL HLDGS W/I USD0.0001 0.04 UNION PACIFIC CORP USD2.5 0.04 CABLE & WIRELESS COMMUNICATIONS USD0.05 0.04 AXEL SPRINGER EUR1 0.04 INTL PERSONAL FINANCE GBP0.1 0.04 AMBEV NPV 0.04 ROLLS ROYCE HLDGS GBP0.2 0.04 GENERAL ELEC CAP CORP USD0.06 0.04 GBL BRANDS GRP HLDGS NPV 0.04 SPEEDY HIRE ORD GBP0.05 0.04 MICHELIN (CGDE) EUR2 0.04 UNILEVER EUR0.16 0.03 ERSTE GRP BANK NPV 0.03 BHP BILLITON USD0.5 0.03 SWISS RE CHF 0.10 0.03 LOGITECH INTL CHF0.25 (REG) 0.03 AIR FRANCE-KLM EUR1 0.03 CTS EVENTIM CO NPV 0.03 EBAY USD0.001 0.03 JOHNSTON PRESS GBP0.01 0.03 STATOIL NOK2.5 0.03 WIENERBERGER NPV 0.03 GRUPO FINANCIERO BANORTE-O NPV 0.03 SAIPEM EUR1 0.03 INCHCAPE GBP0.1 0.03 PETS AT HOME GRP GBP0.01 0.03 STANLEY GIBBONS GRP ORD GBP0.01 0.03 METSO NPV 0.03 FERRARI EUR0.01 0.03 SYMRISE NPV 0.03 SANOFI EUR2 0.03 ACERINOX EUR0.25 0.03 INPEX CORP NPV 0.03 CENOVUS ENERGY COM NPV CAD 0.03 MEDIASET ESPANA COMUNICACION EUR0.5 0.03 NORDEA BANK ORD NPV 0.03 JUPITER FUND MGMT ORD GBP0.02 0.02 SERCO GRP GBP0.02 0.02 THALES EUR3 0.02 JUST EAT GBP0.01 0.02 HARGREAVES SERV GBP0.1 0.02 ITAU UNIBANCO HLDGS 1 ADR REP 1 PREF NPV 0.02 WHITBREAD GBP0.7679385 0.02 WILLIAM HILL GBP0.1 0.02 SCHIBSTED A NOK0.5 0.02 IRISH CONTINENTAL GRP EUR0.065 0.02 TUI NPV 0.02 MODERN TIMES GRP-B SHS NPV 0.02 SCHIBSTED -B SHS NOK0.5 0.02 USINAS SID MINAS GERAIS USIMINAS PREF A NPV 0.02 WARTSILA NPV 0.02 DNB NOK10 0.02 ROCKWELL AUTOMATION USD1 0.02 M&G HIGH INCOME INVST TST ZERO DIV PREF SHS 1P 0.02 OESTERREICHISCHE POST NPV 0.02 KASIKORNBANK THB10 (ALIEN MKT) 0.02 SWEDISH MATCH NPV 0.02 VIACOM B USD0.001 0.02 BARRATT DEVELOPMENTS GBP0.1 0.02 E.ON NPV 0.02 HERMES INTL NPV 0.02 PICTON ZDP GBP0.0001 0.02

SECURITY	% OF TOTAL
	INVESTMENT
INTESA SANPAOLO EUR0.52	0.02
GLENCORE USD0.01	0.02
SANDS CHINA COM USD0.01	0.02
CREDICORP COM USD5	0.01
FIELMANN NPV	0.01
ASML HLDGS EUR0.09 (POST SPLIT)	0.01
NB PRIVATE EQTY PARTNERS ZERO DIV PREF SHS NPV	0.01
ARCELORMITTAL NPV	0.01
HANNOVER RUECK NPV	0.01
TELEFONICA EUR1	0.01
ANDRITZ EUR NPV	0.01
HARLEY-DAVIDSON USD0.01	0.01
AMEC FOSTER WHEELER GBP0.5	0.01
VICAT EUR4.00	0.01
TOPDANMARK DKK1	0.01
WYNN RESORTS USD0.01	0.01
RANDSTAD HLDGS EUR0.1	0.01
GEA GRP NPV	0.01
GERRESHEIMER NPV (BR)	0.01
ADIDAS NPV	0.01
NEOPOST EUR1	0.01
CLOSE BROTHERS GRP GBP0.25	0.01
DAVIDE CAMPARI EUR0.10	0.01
HELVETIA HLDGS CHF0.10	0.01
NOW DE USD0.01	0.01
ISS DKK1	0.01
PADDY POWER EUR0.09	0.01
NATL EXPRESS GRP ORD GBP0.05	0.01
ZODIAC AEROSPACE NPV	0.01
CRH ORD EUR0.32	0.01
MILLENNIUM & COPTHORNE HOTEL GBP0.3	0.01
NORTHGATE ORD GBP0.5	0.01
GVC HLDGS EUR0.01	0.01
IMERYS EUR2	0.01
TECHNIP EUR0.7625	0.01
NON-STANDARD FINANCE NPV*	0.00
CENTRICA GBP0.061728*	0.00
ELIS -W/I EUR0.5*	0.00
PETROFAC USD0.02*	0.00
ZIOPHARM ONCOLOGY WTS USD EXP 30/11/11 (PIPE APRIL 06)*	0.00
ORIFLAME HLDGS CHF1.5*	0.00
ROLLS-ROYCE HLDGS-ENTITL NPV*	0.00
GIVAUDAN CHF10 (SUB RIGHTS 29/06/09) (DUMMY)*	0.00
CARILLION GBP0.5*	0.00
LANCER OFFSHORE ORD SHS*	0.00
OPEN-ENDED FUNDS
TRILOGY INVST FUNDS EMERGING MKTS E GBP	2.85
ISHARES TST MSCI ACWI ETF	1.03
POLAR CAP FUND GBL INSURANCE E DIS	0.21
TOTAL	100

*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 or their respective directors and no responsibility or liability is accepted by such persons for the accuracy or completeness of any such information or opinions or for any action taken on the basis of the contents of this document. No reliance may be placed for any purpose on the information and opinions contained in this document or their accuracy or completeness.