Director Declaration

THE MERCANTILE INVESTMENT TRUST PLC

(the 'Company')

DIRECTOR DECLARATION

Legal Entity Identifier: 549300BGX3CJIHLP2H42

Information disclosed in accordance with Listing Rule 6.4.9R

The Company announces that Damien Maltarp, a Director of the Company, has been appointed as Chief Financial Officer and a Director of Gamma Communications plc. Mr. Maltarp will join Gamma Communications plc at the latest in September 2026, with the exact date to be confirmed.

For and on behalf of

JPMorgan Funds Limited

20th March 2026

For further information:

Sachu Saji - 0800 20 40 20