Transaction in Own Shares

Brunner Investment Trust PLC
10 December 2003

The Brunner Investment Trust PLC announces that on 8th December  2003 it
purchased 50,000 Ordinary 25p Shares, (representing 0.09% of the issued class of
capital), at 264p per Ordinary Share, for cancellation.

Settlement and cancellation of the purchased 50,000 Ordinary Shares is due on
11th December 2003 when the issued share capital of the Trust will fall to
54,850,416 Ordinary 25p Shares.

The issued share capital of the Trust will fall to 54,850,416 on Friday 12th
December 2003 following the purchase of 75,000 shares for cancellation on 9th
December 2003.



Enquiries:

Kirsten Salt

Company Secretary

Tel: [phone]

10 December 2003


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