Board Meeting Notification

Highcroft Investment Trust PLC
22 February 2000

TO:  COMPANY ANNOUNCEMENTS OFFICE

I am writing to inform you that a Board Meeting has been called for Thursday 9
March 2000.  The purposes of the meeting are as follows:

1.     to declare a final dividend on the ordinary shares of this company for   
      the year ending 31 December 1999; and

2.     to approve for publication the Company's Annual Report for the year 
       ended 31 December 1999.

FROM:   DAVID BOWMAN
        COMPANY SECRETARY
        HIGHCROFT INVESTMENT TRUST PLC