The Independent Investment Trust PLC

24 February 2020

Legal Entity Identifier : 213800IYHGJTZJ3MO642

Cum Par NAV

602.93p

  XD

Ex Par NAV

601.92p

Fair value NAVs have not been provided as either
(a) there are no loans outstanding which are used for investment purposes
or (b) the fair value of such loans are the same as their par value.

Net Asset Values are calculated in accordance with published accounting policies and AIC guidelines

Cum Par NAV: Net asset value per share in pence, including income, with debt at par value.

Ex Par NAV: Net asset value per share in pence, excluding income, with debt at par value.