Director/PDMR Shareholding

Lindsell Train Investment Trust PLC
20 November 2007



            NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS
         DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS



1.   Name of the issuer                                    2.   State whether the notification relates to (i) a
                                                                transaction notified in accordance with DTR
                                                                3.1.2R, (ii) a disclosure made in accordance with
                                                                LR 9.8.6R(1), or
                                                                (iii) a disclosure made in accordance with section
                                                                793 of the Companies Act 2006
                                                                
     THE LINDSELL TRAIN INVESTMENT TRUST PLC                    Notification in accordance with DTR 3.1.2R



3    Name of person discharging managerial                 4.   State whether notification relates to a person
     responsibilities/director                                  connected with a person discharging managerial
                                                                responsibilities/director named in 3 and identify
                                                                the connected person

     Mr Michael Lindsell                                        Not applicable


5.   Indicate whether the notification is in respect of a  6.   Description of shares (including class),
     holding of the person referred to in 3 or 4 above or       debentures or derivatives or financial instruments
     in respect of a non beneficial interest                    relating to shares

     Notification in respect of the holding of the
     Director named in 3                                        Ordinary Shares of 75p each


7.   Name of registered shareholders(s) and, if more than  8.   State the nature of the transaction
     one, the number of shares held by each of them

     Not applicable                                             Following the winding-up of a trust in which Mr M
                                                                Lindsell had a beneficial interest, his interest
                                                                in the ordinary shares of the Issuer has decreased
                                                                by 85 shares, for nil consideration, to 6,995
                                                                ordinary shares


9.   Number of shares, debentures or financial instruments 10.  Percentage of issued class acquired (treasury
     relating to shares acquired                                shares of that class should not be taken into
                                                                account when calculating percentage)

     Not applicable                                             Not applicable


11.  Number of shares, debentures or financial instruments 12.  Percentage of issued class disposed (treasury
     relating to shares disposed                                shares of that class should not be taken into
                                                                account when calculating percentage)

     Decrease in beneficial interest by 85 shares               0.0425%


13.  Price per share or value of transaction               14.  Date and place of transaction


     Not applicable                                              1 October 2007 - London


15.  Total holding following notification and total        16.  Date issuer informed of transaction
     percentage holding following notification(any
     treasury shares should not be taken into account when
     calculating percentage)


     6,995 ordinary shares (3.49%)                              20 November 2007



If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes


17.  Date of grant                                         18.  Period during which or date on which it can be
                                                                exercised


19.  Total amount paid (if any) for grant of the option    20.  Description of shares or debentures involved(class
                                                                and number)


21.  Exercise price (if fixed at time of grant) or         22.  Total number of shares or debentures over which
     indication that price is to be fixed at the time of        options held following notification
     exercise


23.  Any additional information                            24.  Name of contact and telephone number for queries:



                                                                Phoenix Administration Services Limited
                                                                01245 398950






Phoenix Administration Services Limited - Company Secretary
20 November 2007








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