Smithson Inv.Trust - Update on Initial Issue proceeds

Except where the context requires otherwise, defined terms herein shall have the meanings given to them in the Prospectus published by the Company on 17 September 2018, as supplemented by the supplementary prospectus published on 9 October 2018.

Enquiries:

Fundsmith LLP

+44 (0)20 3551 6337

Mark Laurence, Chief Operating Officer

Simon Godwin, Chief Financial Officer