Holding(s) in Company

Monks Investment Trust PLC
23 September 2002

                         The Monks Investment Trust PLC

                               Holding in Company

The Monks Investment Trust PLC has today been advised that, following a purchase
of 250,000 shares on 19 September 2002, Legal & General Investment Management
Limited now holds 9,071,665 ordinary shares in the Company. This equates to
3.08% of the issued share capital.

                                                           Baillie Gifford & Co.

                                                             Company Secretaries

                                                               23 September 2002


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