Purchase of Own Securities

Monks Investment Trust PLC
14 June 2002

                         The Monks Investment Trust PLC

                           Purchase of Own Securities

On 14 June 2002, the Company purchased for cancellation 10,775,000 ordinary
shares at a price of  189.46p.

There remain 294,355,295 ordinary shares in issue.

                                                           Baillie Gifford & Co.

                                                             Company Secretaries

                                                                    14 June 2002



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