Geographical Distribution

Brunner Investment Trust PLC
05 March 2004

                      THE BRUNNER INVESTMENT TRUST PLC

              Geographical Distribution as at 27 February 2004


                                              VALUE                        %

CASH                                          43,613,398                  20

UNITED KINGDOM                               110,066,933                  46

NORTH AMERICA                                 47,034,372                  18

EUROPE                                        24,287,682                   9

PACIFIC EX JAPAN                               7,619,538                   4

ASIA                                          11,551,314                   3

LATIN AMERICA                                          0                0.00

Other Intl                                             0                   0

Total Assets less Current Liabilities        244,173,237              100.00




Europe
   Austria                                             0               0.00%
   Denmark                                     1,522,964               0.62%
   Eire                                                0               0.00%
   France                                      6,260,300               2.56%
   Finland                                       898,808               0.37%
   Germany                                     4,753,442               1.95%
   Norway                                        831,243               0.34%
   Italy                                       3,778,929               1.55%
   Netherlands                                 2,369,794               0.97%
   Portugal                                            0               0.00%
   Russia                                              0               0.00%
   Spain                                               0               0.00%
   Sweden                                              0               0.00%
   Belgium                                             0               0.00%
   Switzerland                                 3,872,202               1.59%
                                              24,287,682               9.95%



Other Pacific
   Australia                                   3,385,460               1.39%
   New Zealand                                   658,350               0.27%
   China                                                               0.00%
   Hong Kong                                   2,833,778               1.16%
   Malaysia - incl Govett Asian Smlr                                   0.00%
   Singapore                                                           0.00%
   Taiwan                                              0               0.00%
   Korea                                         741,951               0.30%
                                               7,619,538               3.12%

Latin America

Latin America -  Brazil                                0               0.00%
                                                       0               0.00%


United Kingdom
UK total per valuation                       135,141,933              55.35%
Less Fixed Interest                          -25,075,000             -10.27%

                                             110,066,933              45.08%

North America
USA                                           44,742,195              18.32%
Canada                                         2,292,177               0.94%
Mexico                                                 0               0.00%

                                              47,034,372              19.26%

Asia
Japan                                         11,551,314               4.73%
India - DRCM India Fund                                0               0.00%
                                              11,551,314               4.73%

Other Int'l
Other Int'l                                            0               0.00%
                                                       0               0.00%
TOTAL                                        200,559,838


Enquiries:

Kirsten Salt
Company Secretary
Tel:  [phone]


5 March 2004



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