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Independent Inv Tst (IIT)

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Monday 01 July, 2002

Independent Inv Tst

Holding(s) in Company

Independent Investment Trust PLC
1 July 2002

We have today been informed that A&OT Investments Limited has transferred
1,979,600 The Independent Investment Trust PLC ordinary 25p shares on 28 June
2002 to Willards Investments Limited.

A&OT Investments Limited now holds 8,120,400 shares in The Independent
Investment Trust PLC, which represents 14.61% of the issued share capital of
55,583,980 shares.

Willards Investments Limited now holds 1,979,600 shares in The Independent
Investment Trust PLC, which represents 3.56% of the issued share capital of
55,583,980 shares.



                      This information is provided by RNS
            The company news service from the London Stock Exchange