1 October 2021

River and Mercantile UK Micro Cap Investment Company Limited

Change of Audit Committee Chairman and retirement of non-executive director

The Board of River and Mercantile UK Micro Cap Investment Company Limited ("RMMC") confirms that, as it announced on 21 December 2020, Stephen Coe has taken over from Ian Burns as Audit Committee Chairman following Mr Burns's retirement from the Board on 30 September 2021.

Andrew Chapman, Chairman of River and Mercantile UK Micro Cap Investment Company Limited, said: "I would like to pay thanks to Ian's hard work and dedication to the Company since its launch. His expertise has been invaluable and, after a thorough selection process, I look forward to Stephen chairing the Audit Committee."

Mr Burns's retirement and Mr Coe's appointment are the first steps in a succession plan that ensures the Company complies with the highest standards of corporate governance.

-ENDS-

For further information please contact:

Singer Capital Markets

Robert Peel, Investment Banking

Tel: +44 (0)20 7496 3000

River and Mercantile Asset Management LLP

James Barham

Tel: +44 (0) 20 7601 6262

Camarco

Jake Thomas

Tel: +44 (0) 20 3781 8337

BNP Paribas Securities Services S.C.A., Guernsey Branch - Company Secretary

Jasper Cross

Tel: +44 (0) 1481 750859