Dunedin Income Growth Investment Trust PLC Report for the half year ended 31 July 2014 November 2014 Ben Ritchie, Senior Investment Manager Aberdeen Asset Management

2 Objective The Company’s investment objective is to achieve growth of income and capital from a portfolio invested mainly in companies listed or quoted in the United Kingdom Benchmark FTSE All-Share Index total return Dunedin Income Growth Investment Trust PLC

3 Financial highlights and performance A Capital return plus net dividends reinvested B Debt at fair value C Defined as total shareholders’ funds before deduction of borrowings D Debt at par value E Debt at fair value F These premiums are lower than the numbers that appear in the statutory accounts because they are calculated in accordance with AIC guidelines (capital only) Past Performance is not a guide to future results Source: Dunedin Income Growth Investment Trust PLC, Annual Report to 31 Jul 14 Performance (total return A )Six months ended 31 Jul 14 % Year ended 31 Jan 13 % Net asset value total return B Share price total return FTSE All-Share Index Jul 1431 Jan 14% change Total assets (£’000) C 460,490437, Total shareholders’ funds (£’000) D 421,118403, Net asset value per Ordinary share D p267.17p+4.4 Net asset value per Ordinary share E p262.34p+4.6 Share price per Ordinary share (mid)269.50p259.75p+3.8 Premium to net asset value EF 1.1%1.6%

4 Historic yield 4.3% as at November 2014, a 19% premium to the FTSE All Share Interim dividend maintained at 2.575p Revenue reserves of 8.2p (up 10.8% yoy) provide support and flexibility for future income distribution Quarterly dividend distribution with equal payments in August, November, February and a final balancing payment in May Long history of steady dividend growth Past Performance is not a guide to future results Source: Dunedin Income Growth Investment Trust PLC, Annual Report to 31 Jul 14, WINS, Bloomberg 10th November 2014,

5 Sector breakdown Source: Aberdeen Asset Managers, Jul 14

6 Top twenty largest investments Source: Dunedin Income Growth Investment Trust PLC, Annual Report to 31 Jul 14 ​ Company Sector Market value 2014 £’000 Total assets % Royal Dutch Shell ‘A’Oil & Gas Producers24, HSBC HoldingsBanks20, British American TobaccoTobacco20, GlaxoSmithKlinePharmaceuticals & Biotechnology20, CentricaGas, Water & Multi-utilities19, PrudentialLife Insurance18, UnileverFood Producers17, AstraZenecaPharmaceuticals & Biotechnology17, BHP BillitonMining16, PearsonMedia15, Top ten equity investments ​ 190, National GridGas, Water & Multi-utilities14, BPOil & Gas Producers13, CobhamAerospace & Defence13, ENIOil & Gas Producers13, Standard CharteredBanks12, Zurich Financial ServicesNon-life Insurance12, TotalOil & Gas Producers11, VodafoneMobile Telecommunications11, Close BrothersFinancial Services11, RochePharmaceuticals & Biotechnology11, Top twenty equity investments ​ 316,

7 Equity markets have become increasingly volatile Smaller cap and “growth” stocks look fully valued UK economy is performing relatively well though it now looks to be slowing We continue to be cautious on the wider outlook for the global economy Aggregate corporate earnings likely to continue to remain under pressure FX headwinds have eased in recent months but will remain a headwind into 2015 But DIGIT’s yield remains relatively attractive Interim dividend season has passed largely in line with our expectations More volatile markets are beginning to throw out some stock specific opportunities Focus is on returning to real growth in dividend distribution and preserving capital in challenging market conditions Outlook

8 Should you require further information please do not hesitate to contact us: Contact details Private investors: Institutional investors: Andrew Leigh +44 (0) or Kenneth Harper +44 (0)

9 Issued by Aberdeen Asset Managers Limited. Authorised and regulated by the Financial Conduct Authority in the United Kingdom. A member of the Aberdeen Asset Management group of companies. Registered Office: 10 Queen’s Terrace, Aberdeen, AB10 1YG. Viewers should remember that the price of shares and the income from them may go down as well as up and investors may not get back the full amount invested on disposal of the shares. Past performance is no guarantee of future performance. The use of gearing is likely to lead to a volatility in the Net Asset Value (NAV), meaning that a relatively small movement either down or up in value of the trusts total assets, will result in a magnified movement in the same direction, of that NAV. There is no guarantee that the market price of shares in investment trusts will fully reflect their underlying NAV. Investment trusts should be considered only as part of a balanced portfolio, of which they should not form a disproportionate part. Under no circumstances should this information be considered as an offer, or solicitation, to deal in investments. This information does not constitute advice or a personal recommendation for which the duty of suitability would be owed by us, and you should seek your own advice as to the suitability of any investment matter mentioned here. The information contained herein, including any expressions of opinion or forecast, has been obtained from or is based upon, sources believed by us to be reliable but is not guaranteed as to the accuracy or completeness. No part of this presentation may be reproduced in any manner without prior approval. Disclaimer