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UK Select Trust Ld (UKT)

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Tuesday 11 November, 2003

UK Select Trust Ld

Investment Policy

UK Select Trust Limited
11 November 2003

Immediate Announcement      11 November 2003

Investment Policy

The Board of UK Select Trust Limited notes the publication of the Investment
Entities (Listing Rules and Conduct of Business) Instrument 2003 and announces
that it has a policy not to invest more than 15% of gross assets in other listed
investment companies.

All Enquiries:

The Company Secretary
Orbis Management Limited
20 New Street
St Peter Port

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