Director Shareholding

Aurora Investment Trust PLC
26 February 2004

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS



1. Name of company


Aurora Investment Trust plc



2. Name of director


M.J. Barstow



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 or in respect of a non-beneficial
interest


The Shareholder named in 2 above



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


M.J. Barstow



5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)


-



6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary


Market Purchase



7. Number of shares / amount of stock acquired


25,000



8. Percentage of issued class


0.17%



9. Number of shares/amount of stock disposed


-



10. Percentage of issued class


-



11. Class of security


Ordinary Shares of 25p



12. Price per share


176p



13. Date of transaction


26th February 2004



14. Date company informed


26th February 2004



15. Total holding following this notification


595,000



16. Total percentage holding of issued class following this notification


3.94%



If a director has been granted options by the company please complete the
following boxes.



17. Date of grant






18. Period during which or date on which exercisable






19. Total amount paid (if any) for grant of the option






20. Description of shares or debentures involved: class, number






21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise






22. Total number of shares or debentures over which options held following this
notification






23. Any additional information

In 2001 the board agreed to remove the cap on the performance related fee
payable to the Manager, on

Condition that any extra payment so earned is invested in the Company's shares
and held for a minimum of five years

By Mr MJ. Barstow.  In February 2004, the Board have agreed that a purchase  of
shares before the year end will

qualify to be set against the number required to be purchased.




24. Name of contact and telephone number for queries


Mr J L Luetchford 0207 490 4355



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


J.L Luetchford



Date of Notification


26th February 2004



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