Issue of Equity

FUNDSMITH EMERGING EQUITIES TRUST PLC

Issue of Ordinary Shares

On 21 December 2016 FUNDSMITH EMERGING EQUITIES TRUST PLC (the "Company") issued from its block listing authority of 7 September 2016 240,000 new Ordinary shares of 1p each at a price of 1,041.00 pence per share; these shares rank pari passu with the existing Ordinary shares in issue. The shares were issued at a premium to the last published net asset value per share.

Following this issue, the Company has the ability to issue a further 429,737 Ordinary shares under its block listing facility.

As a result of this issuance, the total number of Ordinary shares in issue now stands at 22,962,556 and the total number of voting rights in the Company is 22,962,556. There are no shares held in treasury.

The above figure may be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

Katherine Manson

Frostrow Capital LLP

Company Secretary

Tel: 0203 709 8734