Holding(s) in Company

New India Investment Trust PLC
04 May 2006

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES




1)    Name of company
      New India Investment Trust Plc

2)    Name of shareholder having a major interest
      Lazard Asset Management LLC (LAM LLC)Group

3)    Please state whether notification indicates that it is in respect of
      holding of the shareholder named in 2 above or in respect of a
      non-beneficial interest or in the case of an individual holder if it is a
      holding of that person's spouse or children under the age of 18

      On behalf of discretionary clients and LAM LLC Group which comprises-

      Lazard Asset Management LLC
      Lazard Asset Management Limited
      Lazard Fund Managers Limited
      Lazard Freres Gestion
      Lazard Asset Management Pacific Co
      Lazard Asset Management (Deutschland) GmbH
      Lazard Japan Asset Management K.K.


4)    Name of the registered holder(s) and, if more than one holder, the
      number of shares held by each of them
      not disclosed


5)    Number of shares/amount of stock acquired
      not disclosed

6)    Percentage of issued class
      not disclosed

7)    Number of shares/amount of stock disposed
      n/a

8)    Percentage of issued class
      n/a

9)    Class of security
      Ordinary 20p

10)   Date of transaction
      not disclosed

11)   Date company informed
      4 May 2006

12)   Total holding following this notification
      6,030,500

13)   Total percentage holding of issued class following this notification
      12.6%

14)   Any additional information
      n/a

15)   Name of contact and telephone number for queries
      Charles Mearns

16)   Name and signature of authorised company official responsible for
      making this notification

      Date of notification 26 April 2006



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