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Jove InvestmentTrust (JOVU)

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Wednesday 02 July, 2003

Jove InvestmentTrust

Holding(s) in Company

Jove Investment Trust PLC

The Company has today been informed by Aberdeen Asset Managers Limited that
they sold 5,014,794 Capital shares in the Company on 1 July 2003 on behalf of
Aberdeen Preferred Income Trust PLC. As a result Aberdeen Preferred Income
Trust PLC no longer has an interest in the Capital shares.

Following the above transaction, Aberdeen Asset Managers Limited and its
associated companies now have a holding of 2,014,794 Capital shares
representing 7.91% of the issued share capital of that class. The resultant
total voting shares managed by Aberdeen Asset Managers and its associated
companies is 2,014,794 representing 3.95% of the total voting rights.

2 July 2003