Largest holdings

Aurora Investment Trust PLC
06 January 2004


Aurora Investment Trust announces that, at 31 December 2003, the ten largest
holdings in its portfolio were as follows (all holdings are of ordinary shares
unless otherwise specified):


                                                                           £'000            £'000

Anglo Irish Bank                                                                            4,202

Gartmore Irish Growth Fund                                                                  3,419

Persimmon                                                                                   3,088

McCarthy & Stone                                                                            2,068

Abbey                                                                                       2,055

BTG                                                                                         2,022

Emblaze                                                                                     1,845

UK Coal                                                                                     1,638

Arriva                                                                                      1,235

Standard Chartered Bank                 ordinary shares                      738

                                        8.25% preference                     490            1,228


No other holding represented more than 5% of gross assets.

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