Holding(s) in Company

New India Investment Trust PLC
23 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


Advance Developing Markets Trust plc



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


In respect of 2 above



4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them


Nortrust Nominees Limited A/C ADT01



5. Number of shares / amount of stock acquired


270,000



6. Percentage of issued class


0.56%



7. Number of shares / amount of stock disposed


Not disclosed



8. Percentage of issued class


Not disclosed



9. Class of security


Ordinary 25p shares



10. Date of transaction


Not disclosed



11. Date company informed


22 May 2006



12. Total holding following this notification


3,447,232 Ordinary 25p shares



13. Total percentage holding of issued class following this notification


7.21%



14. Any additional information






15. Name of contact and telephone number for queries


Charles Mearns, 0131 313 6442



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


Aberdeen Asset Management PLC - Secretary



Date of notification


23 May 2006






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