Transaction in Own Shares

Monks Investment Trust PLC
22 December 2006

                         The Monks Investment Trust PLC

                           Purchase of Own Securities

On 21 December 2006, the Company purchased for cancellation 200,000 ordinary
shares at a price of  279.40p.

There remain 285,720,295 ordinary shares in issue.

                                                           Baillie Gifford & Co.

                                                             Company Secretaries

                                                                22 December 2006


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