Holding(s) in Company

Monks Investment Trust PLC
17 June 2002


                         The Monks Investment Trust PLC

                        Disclosure of Interest in Shares

We have today been advised by Clerical Medical Investment Management Limited /
HBOS plc that they no longer hold a notifiable interest in the ordinary shares
of the Company.

                                                           Baillie Gifford & Co.

                                                             Company Secretaries

                                                                    17 June 2002


                      This information is provided by RNS
            The company news service from the London Stock Exchange