Board Changes - Replacement

Witan Investment Trust PLC
28 November 2005

The following text replaces the text released under RNS 7664U at 13.01 today, 28
November 2005.  Mr Watson will be appointed a non-executive director of Witan
Investment Trust plc with effect from 1 February 2006.  The earlier text stated
the date incorrectly as 1 February 2005.


28 November 2005

                           WITAN INVESTMENT TRUST PLC

                                 Board Changes

Witan Investment Trust plc announces forthcoming changes to the composition of
the Board.

Ms J C Platt will be appointed a non-executive director of the Company with
effect from 13 December 2005.  Jane Platt, who is 48 and a member of the
Securities Institute, is a business leader with international management
experience and a track record of building profitable businesses in financial
services related sectors, including both institutional and retail asset
management.  Most recently she was Chief Operating Officer of Reuters four
customer segments and Chairman of their SEC regulated US agency broker, Bridge
Trading.  She is currently a director of Edinburgh UK Tracker Trust plc.  There
is no other information to be disclosed under Listing Rule 9.6.13 R in respect
of Ms Platt.

Mr A Watson will be appointed a non-executive director of the Company with
effect from 1 February 2006.  Tony Watson, who is 60, will retire as Chief
Executive of Hermes Pensions Management Limited in December 2005 after a highly
successful executive career in the investment management industry.  There is no
information to be disclosed under Listing Rule 9.6.13 R in respect of Mr Watson.

Both Mr C G Clarke and Mr C S McVeigh III intend to stand down as non-executive
directors of the Company at the Annual General Meeting to be held on Monday 24
April 2006.  Christopher Clarke joined the Board in 1992 and was Managing
Director from 1993 to 2000.  Charlie McVeigh joined the Board in 1998.

Commenting on the Board changes, Harry Henderson, the Chairman of Witan, said '
We are delighted that both Jane Platt and Tony Watson have agreed to join the
Board.  They both bring enormous experience of investment management as well as
having, in different areas, successful records as business managers.
Christopher Clarke will have been a director for over thirteen years, during
which time we have benefited hugely from his investment management skills and
his pertinent wisdom.   Charlie McVeigh will have been a director for over eight
years and we shall miss the insight he has brought as a banker with
international responsibilities.'


                                    - ENDS -


For further information, please contact:


Jim Horsburgh
Chief Executive Officer
Witan Investment Trust plc
Telephone:  [phone]


James Budden
Marketing Director
Witan Investment Trust plc
Telephone:  [phone]


Eleanor Mitchell
Quill Communications
Telephone:  [phone]



                      This information is provided by RNS
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