Application for Blocklisting

New India Investment Trust PLC
20 June 2005

                         NEW INDIA INVESTMENT TRUST PLC

                          APPLICATION FOR BLOCKLISTING

New India Investment Trust plc (the 'Company') has today applied for the block
listing of 1,940,000 Ordinary shares of 25p each. The block listing application
has been made to enable the Company to meet market demand for its shares which
exists from time to time. Shares may be issued under this facility subject to
guidelines laid down by the Board and at prices not less than the lower of the
fully diluted or undiluted net asset value per share.  The Shares will, when
issued under the New India Cash Scheme block listing, will rank pari passu with
the existing ordinary shares of the Company.



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