4% Perpetual Debenture Stock

Bankers Investment Trust PLC
23 June 2006

THE BANKERS INVESTMENT TRUST PLC

HENDERSON GLOBAL INVESTORS

23 JUNE 2006


                        THE BANKERS INVESTMENT TRUST PLC

                     4 per cent. Perpetual Debenture Stock


The Bankers Investment Trust PLC announces that, subject to the approval of
Stockholders, it proposes to redeem its 4 per cent. Perpetual Debenture Stock at
par plus accrued interest on 14 July 2006.



A copy of the Circular dated 23 June 2006 and the accompanying Written
Resolution of Stockholders will be available for inspection shortly thereafter
at the UKLA's Document Viewing Facility, which is situated at:



Document Disclosure Department
Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS



Tel: [phone]



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For further information please contact :



Alex Crooke

The Bankers Investment Trust PLC

Telephone : [phone]




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