Portfolio Update

Lindsell Train Investment Trust PLC
04 July 2006

THE LINDSELL TRAIN INVESTMENT TRUST PLC

In accordance with Listing Rule 15.4.11 (2), The Lindsell Train Investment Trust
PLC announces that at 30 June 2006 the ten largest investments were as follows:

Company                                                             Market Value (£)        Percentage of
                                                                                                portfolio
Lindsell Train Global Media (Distributor) Inc A                            2,861,865                 9.29
HBOS 9.25% Non-Cum Irredeemable Pref GBP1                                  2,838,220                 9.28
Barr (AG) PLC Ordinary                                                     2,815,826                 9.17
Diageo PLC Ordinary 28 101/108p                                            2,108,880                 6.85
Cadbury Schweppes PLC Ord 12.5p                                            2,015,598                 6.54
US Treasury 6.25% 15/05/2030                                               1,995,254                 6.48
2.5% Consolidated Loan Stock                                               1,876,670                 6.09
Lindsell Train Management Ltd                                              1,775,576                 5.77
Wolverhampton & Dudley Breweries Ord 25p                                   1,633,466                 5.31
Lindsell Train Japan (Distributor) Inc                                     1,482,608                 4.81

Total                                                                     21,403,963                69.59

There were no additional investments with a value greater than 5% of the
Company's portfolio.

Phoenix Administration Services Limited - Secretary

4 July 2006


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