Compliance with Market Abuse Regulation

Foreign & Colonial Investment Trust PLC ("the Company")

Compliance with Market Abuse Regulation - Share Buybacks

Given the heightened focus on adequate public disclosure under the Market Abuse Regulation (MAR) which becomes effective from 3 July 2016, the Company is restating on an RNS the details of its current share buyback authority.  This authority is renewed annually and it is expected that similar announcements will be made at the time of each renewal.

The Company announces that it has authority to repurchase a maximum of 81,051,150 of its ordinary shares (being its outstanding shareholder authority). Such authority lasts until the next shareholder authority is granted, or where expressly revoked by shareholders. Buybacks under the authority may be funded from the Company's own cash resources or, if appropriate, from short term borrowings. No maximum consideration payable has been determined by the Company, but the Company is unable to pay a price for any shares pursuant to its buyback authority which would equate to a premium on the net asset value.

The Company instructs J.P. Morgan Securities plc to act as its broker in respect of its buyback transactions. These will be undertaken pursuant to the Company's discount management programme and its effect will be to reduce the number of shares of the Company in issue as well as discount volatility.

This arrangement is in accordance with Chapter 12 of the UKLA Listing Rules and the Company's general authority to repurchase shares.

MAR will alter the rules relating to close periods.  The Model Code and Listing Rule 15.5.1 will discontinue.  In order to comply with the requirements of the remaining short period for the current Listing Rule 15.5.1 (4), the Company announces that it is satisfied that all inside information which the Directors and the Company may have to 1 July 2016 has previously been notified via a regulatory information service. Therefore the Company need not comply with the close period provisions of the Model Code in relation to the Company's ordinary shares during the period ended 2 July 2016.

The mandatory closed period under MAR will commence on 3 July 2016 and will last until the results in respect of six months ended 30 June 2016 are published in late July.  The Company will continue to operate its stated buyback policy during this period.  If, in this period, the Directors or the Company come into possession of any inside information, it will be notified to a regulatory information service before any further buyback transactions are undertaken.

Name of contact and telephone number for enquiries:

Hugh Potter

For and on behalf of F&C Investment Business Limited, Secretary

Telephone: 020 7628 8000

1 July 2016