Christopher Mills Joins Board of Directors of Gabelli Value Plus+ Trust Plc

Gabelli UK is pleased to announce that the Board of Directors of the Gabelli Value Plus+ Trust plc (LSE:GVP) have appointed Christopher Mills as a non-executive director of the Company effective 15 August 2018.

“We are delighted with the appointment. Mr. Mills is an experienced investor, business owner and entrepreneur, and complementary to the GVP Board of Directors. I am sure Mr. Mills will offer distinct insights as we grow shareholder value utilizing the Gabelli Private Market Value with CatalystTM method. He should serve the shareholders well,” said Robert Leininger, CFA, Gabelli investment team member.

Mr. Mills founded Harwood Capital Management in 2011, a successor from its former parent company JO Hambro Capital Management, which he co-founded in 1993. He is investment manager of North Atlantic Smaller Companies Investment Trust plc and is non-executive director of a number of companies, including Augean plc, EKF Diagnostics Holdings plc, Goals Soccer Centres plc, Journey Group plc, Ten Entertainment Group plc and MJ Gleeson plc. Previously, Mr. Mills was a director of Invesco MIM, where he was head of North American investments and venture capital, and of Samuel Montagu International.

Gabelli Funds are active, bottom up, value investors, and seek to achieve real capital appreciation (relative to inflation) over the long term, regardless of market cycles. We achieve returns through investing in businesses utilizing our proprietary Private Market Value (“PMV”) with a Catalyst™ methodology. PMV is the value that we believe an informed buyer would be willing to pay to acquire an entire company in a private transaction. Gabelli portfolios are constructed agnostic of market capitalisation and index weightings and are not index benchmarked. We have invested this way since 1977.

GAMCO Investors, Inc., through its subsidiaries, manages private advisory accounts (GAMCO Asset Management Inc.), mutual funds and closed-end funds (Gabelli Funds, LLC), including Gabelli Value Plus+ Trust and Gabelli Merger Plus+ Trust both traded in London. As of 30 June, 2018, GAMCO had $40.7 billion in assets under management. Gabelli has operated a research and relationship centre in the U.K. for more than eighteen years under its GAMCO UK division. The firm currently manages a total of sixteen investment companies, two in the U.K. and fourteen in the U.S. and has been an innovator in the field of closed-end funds, dating back to the initial public offering of the Gabelli Equity Trust(NYSE:GAB) in August 1986. The firm also manages two Luxembourg UCITS offerings providing investors outside of the U.S. with direct access to GAMCO’s proprietary PMV approach.

DISCLAIMER: The preparation of this press release is a matter of general information. We do not intend for this information to be a complete description of the company and it is not an offer or solicitation to buy or sell any shares of the company. All content, facts and statistics are from sources we believe to be reliable, but we do not guarantee their accuracy. This information is not intended to form the basis of any credit or other investment decision and should not be considered as a recommendation by the Company, Gabelli, or any of their respective affiliates to transact in the company's shares. Past performance is not indicative of future results. There can be no guarantee that the Company will achieve its investment objective. See prospectus and company website for further detail, disclosure and important information. www.gabelli.co.uk

Important Notice

The contents of this announcement, which has been prepared by and is the sole responsibility of GAMCO Asset Management (UK) Limited, have been approved by GAMCO Asset Management (UK) Limited solely for the purposes of section 21(2)(b) of the Financial Services and Markets Act 2000 (as amended).

The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may or should be placed by any person for any purpose whatsoever on the information contained in this announcement or on its completeness, accuracy or fairness. The information in this announcement is subject to change.

Forward Looking Statements

This announcement contains forward looking statements, including, without limitation, statements containing the words "believes'', "estimates", "anticipates", "expects'', "intends", "may", "will" or "should" or, in each case, their negative or other variations or similar expressions or any discussion of strategy, plans, objectives, goals, future events or intentions. Such forward looking statements involve unknown risks, uncertainties and other factors which may cause the actual results, financial condition, performance or achievements of the Trust and Gabelli Funds, LLC, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. No assurance can be given that such future results will be achieved.

Given these uncertainties, prospective investors are cautioned not to place any undue reliance on such forward looking statements. These forward looking statements speak only as at the date of this announcement.

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