Schroder Oriental Income Fund Limited notes the announcement that International Biotechnology Trust plc ("IBT") has decided to appoint Schroder Unit Trusts Limited ("Schroders"), the Company's Alternative Investment Fund Manager ("AIFM") as its AIFM. As a result of this appointment, Kate Cornish-Bowden has advised the Board that she will resign as a director of the Company prior to Schroders' appointment as IBT's AIFM, which is expected in November 2023, in order that she continues to be deemed an independent director of IBT.
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