Transaction in Own Shares

Monks Investment Trust PLC
12 October 2005

                         The Monks Investment Trust PLC

                           Purchase of Own Securities

On 12 October 2005, the Company purchased for cancellation 3,500,000 ordinary
shares at a price of  234.25p.

There remain 100,599,705 ordinary shares in issue.

                                                           Baillie Gifford & Co.
                                                             Company Secretaries
                                                                 12 October 2005

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