Statement re investm't policy

Mid Wynd Inter Inv Trust PLC
07 October 2003

                  MID WYND INTERNATIONAL INVESTMENT TRUST PLC

                         STATEMENT RE INVESTMENT POLICY



In anticipation of impending changes to the Listing Rules, the Board of Mid Wynd
International Investment Trust PLC announces that it has a policy to invest no
more than 15% of gross assets in other listed investment companies.



                                                           Baillie Gifford & Co.

                                                             Company Secretaries

                                                                  7 October 2003


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