AGM Statement

Bankers Investment Trust PLC
14 February 2003


14 February 2003



                        THE BANKERS INVESTMENT TRUST PLC

                         Annual General Meeting held on

                            Friday 14 February 2003



The Bankers Investment Trust PLC announces that at the Annual General Meeting
held earlier today all resolutions proposed were duly passed, two of which were
special resolutions, including a special resolution that the Company be
generally authorised to make market purchases of its own ordinary shares up to a
maximum of 14.99% (equivalent to 18,912,850 ordinary shares as at 3 January
2002) at a maximum price per share (exclusive of expenses) not exceeding 105% of
the average middle market quotations for the five business days preceding the
date of purchase.







                                     -ENDS-







For further information please contact:

Mr Michael Moule

Fund Manager

Tel: [phone]

Mr Alex Crooke

Deputy Fund Manager

Tel: [phone]

Stephen Westwood

Head of Investment Trusts

Tel: [phone]

Stephen Phillips

Investor Relations Manager

Tel: [phone]


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