Purchase of Own Securities

MONKS INVESTMENT TRUST PLC
3 September 1999

ON 2 SEPTEMBER 1999, THE COMPANY PURCHASED FOR CANCELLATION 100,000 ORDINARY
SHARES AT A PRICE OF £8.63 PER SHARE, BRINGING THE TOTAL NUBER OF SHARES
BOUGHT BACK TO 2,545,000.  THERE REMAINS 75,047,000 SHARES IN ISSUE.