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Stocks Con Tst PLC (ECIT)

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Thursday 02 December, 2004

Stocks Con Tst PLC

Investment in Investment Cos

Stocks Convertible Trust PLC
02 December 2004

Listing Rule 21 (l) (i)

Stocks Convertible Trust plc announces that as at 30 November 2004 it had the
below investment in investment companies (including investment trusts) which do
not have a stated policy to invest not more than 15% of their gross assets in
other UK listed investment companies:

Investment Company                    Holding             % of gross assets

Utilico Investment Trust plc   3.75% CULS 30.11.2009            4.10%

Phoenix Administration Services Limited - Secretary, Stocks Convertible Trust

2 December 2004

                      This information is provided by RNS
            The company news service from the London Stock Exchange