Transaction in Own Shares

Monks Investment Trust PLC
07 December 2006

                         The Monks Investment Trust PLC

                           Purchase of Own Securities

On 30 November 2006, the Company purchased for cancellation 130,000 ordinary
shares at a price of  270.77p.

There remain 286,540,295 ordinary shares in issue.

                                                           Baillie Gifford & Co.
                                                            Company Secretaries
                                                                7 December 2006


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