THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED (UK MAR). ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, CANADA, JAPAN, NEW ZEALAND OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO MAY RESULT IN THE CONTRAVENTION OF ANY REGISTRATION OR OTHER LEGAL REQUIREMENT OF SUCH JURISDICTION OR OF THE UK.

This announcement is for information purposes only and it does not constitute an offer to sell, or a solicitation of an offer to acquire, securities in any jurisdiction in which the same would be unlawful. Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.

For immediate release.

Edinburgh Worldwide Investment Trust plc

Legal Entity Identifier: 213800JUA8RKIDDLH380

24 April 2026

EWIT reiterates commitment to maintain existing investment mandate and provides further clarity for shareholders who want full exit opportunity

The Board of Edinburgh Worldwide Investment Trust plc ("EWIT" or the "Company") today confirms its intention to provide exit opportunities for shareholders who wish to realise their investment following the Company's AGM and further clarifies the form they will take including the opportunity of a full exit.

The Board confirms that, should shareholders vote in favour of the current independent Board at the AGM on 30 April 2026 and reject Saba Capital Management L.P.'s ("Saba") third attempt to take control of the Company, it will propose a tender offer of 50% of the Company's issued share capital at NAV less costs. The tender would be proposed as soon as practicable following the AGM.

Recognising the importance of SpaceX to many shareholders, the Board also commits to proposing a second tender offer, expected to be for up to 100% of the Company's share capital, following any IPO of SpaceX. This would enable investors to benefit from any valuation uplift that may crystallise as a result of such an IPO.

Jonathan Simpson-Dent, Chair of Edinburgh Worldwide, commented:

"We've seen huge support for EWIT's unique investment mandate from shareholders who want to continue benefitting from this exciting strategy over the long term.

We also know there are a small number of large investors who have very different objectives. Offering these two tender proposals gives shareholders a clear choice that solves for two clearly divergent sets of objectives whilst retaining this exciting investment strategy for the future.

If shareholders wish to avoid being pushed under Saba-control, they are strongly encouraged to vote for the Board and vote against the Saba nominated directors at the upcoming AGM. A clear vote against Saba will reaffirm support for the Company's strategy, while still providing those seeking liquidity with a full exit opportunity after the AGM."

For further information please contact:

Investors:

Deutsche Numis

Nathan Brown

Tel: +44 20 7547 0569

[email protected]

Matt Goss

Tel: +44 20 7547 0541

[email protected]

Media:

Greenbrook Advisory

Peter Hewer / Rob White

+44 207 952 2000

[email protected] 

Company Secretary:

Baillie Gifford & Co Limited

[email protected]

Tel 0131 275 2000

Important information

This announcement is released by the Company and the information contained within this announcement is deemed by the Company to constitute inside information for the purposes of Article 7 of UK MAR. Upon publication of this announcement via a Regulatory Information Service, such information is now considered to be in the public domain. The person responsible for arranging the release of this announcement on behalf of the Company is Baillie Gifford & Co Limited, the company secretary.

This announcement is not an offer to sell, or a solicitation of an offer to acquire, securities in any jurisdiction in which the same would be unlawful. Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.

The full terms and conditions of the tender offers will be set out in a circular, which Shareholders are advised to read in full when it is published in due course. Any response to the tender offers should be made only on the basis of the information in the circular.