Ann: GENERAL: BIT: BIT - Company Update

• Release Date: 02/02/16 08:30
• Summary: GENERAL: BIT: BIT - Company Update
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					BIT
02/02/2016 08:30
GENERAL
NOT PRICE SENSITIVE
REL: 0830 HRS The Bankers Investment Trust Plc

GENERAL: BIT: BIT - Company Update

HENDERSON INVESTMENT FUNDS LIMITED

THE BANKERS INVESTMENT TRUST PLC

1 February 2016

THE BANKERS INVESTMENT TRUST PLC

Company update

The Bankers Investment Trust PLC ("Bankers") announces today that it has
reached agreement in principle with Henderson Global Trust plc ("HGL") that,
in the event of a possible combination of  HGL and Henderson International
Income Trust plc ("HINT"),  Bankers will be offered as an alternative
roll-over option for those HGL investors that wish to retain a global growth
mandate.

The combination of HGL and HINT would be by way of a Section 110 liquidation
of HGL and roll-over into HINT, with HGL shareholders also being offered, as
an alternative, the opportunity to roll-over all or part of their investment
into Bankers shares. It is envisaged that Bankers shares would be issued at a
premium to net asset value under the scheme and that in all events the
transaction will not be net asset value dilutive for Bankers shareholders.

A further announcement will be made in due course.

For further information, please call:

Richard Killingbeck
Chairman
The Bankers Investment Trust PLC
Telephone: 020 7818 4233

James de Sausmarez
Head of Investment Trusts
Henderson Investment Funds Limited
Telephone: 020 7818 3349

Alex Crooke
Fund Manager
The Bankers Investment Trust PLC
Telephone: 020 7818 4447
End CA:00277080 For:BIT    Type:GENERAL    Time:2016-02-02 08:30:18