Issue of Debt

Witan Inv Tst PLC
16 November 2000



Witan Investment Trust plc

Issue of £100,000,000 Secured Bonds due 2025.


Further to today's earlier press release:


      + the interest rate on the bonds is 6.125 per cent. per annum, payable
        semi-annually

      + the issue price is £98.703 per £100 nominal of bonds

      + at the issue price, the gross redemption yield on the bonds is 6.228
        per cent. semi-annual.

For further information, please contact James Robinson, Henderson Investors
(the Manager of the Trust) on 020 7410 4312 or Duncan Hunter/Francis Burkitt
(Cazenove & Co.) on 020 7825 9942.


Stabilisation notice

In connection with the issue of the Bonds, Cazenove & Co. may over allot or
effect transactions which stabilise or maintain the market price of the Bonds
at a level which might not otherwise prevail. Such stabilising, if commenced,
may be discontinued at any time.



END.