Interim Management Statement

The Edinburgh Investment Trust plc                       

                         Interim Management Statement                          

                   for the Three Months ended 31 December 2008                   

Material Events

No material events occurred during the period.

Dividends

During the period, the first interim dividend, in respect of the year ended 31
March 2009, of 4.75 pence per share was paid on 28 November 2008 to
shareholders on the Company's register on 14 November 2008.

Performance - Total Return

                                3 Months       1 Year      3 Years      5 Years
                                                                               
Share Price                        -2.7%       -24.6%        -4.7%        29.8%
                                                                               
Net Asset Value                    -3.0%       -25.9%       -10.7%        23.4%
                                                                               
FTSE All-Share Index              -10.2%       -29.9%        -9.2%        24.2%

Source: Fundamental Data

Share Price and Discount

                                         For the Three Months Ended 31 Dec 2008
                                                                               
                      As at 31 Dec 2008      High         Low        Average   
                                                                               
Share price (pence)        328.50p         361.00p      284.50p      319.00p   
                                                                               
Discount                    -15.8%                                             
(debt at par)                                                                  
                                                                               
Discount                    -8.6%                                              
(debt at fair value)                                                           

Source: Fundamental Data


Assets and Gearing

                                 31 Dec 2008    30 Sept 2008             Change
                                                                               
Total Gross Assets (£m)                935.7           985.4              -5.0%
                                                                               
of which comprise cash                   0.0             5.4                   
funds and cash (£m)                                                            
                                                                               
Borrowings at par (£m)                   200             200                   
                                                                               
Cum income net asset                   390.0            397.8*            -2.0%
                                                                               
value (pence)                                                                  
                                                                               
Actual Gearing                           126             125                   

* Ex dividend

Actual Gearing: borrowing less cash and investment in money market funds
divided by shareholders' funds. A figure of 100 means that the Trust has no
gearing.

Sector Breakdown of Portfolio

                              31 Dec 2008       30 Sept 2008
                                                            
Utilities                           23.2%              24.8%
                                                            
Oil & Gas                           19.1%              17.8%
                                                            
Consumer Goods                      15.1%              15.0%
                                                            
Healthcare                          13.7%              12.4%
                                                            
Telecommunications                  11.5%              11.5%
                                                            
Industrials                          7.0%               7.2%
                                                            
Consumer Services                    5.7%               6.4%
                                                            
Financials                           3.7%               3.1%
                                                            
Technology                           1.0%               1.8%
                                                            
Basic Materials                      0.0%               0.0%

Top Ten Holdings

Ranking  Investments                     %        Bought/Sold     Ranking at   
Now                                of Portfolio    in Period     30 Sept 2008  
                                                                               
1        BP                            7.9%           B/S              1       
                                                                               
2        GlaxoSmithKline               7.8%            S               2       
                                                                               
3        British Energy                6.9%            S               3       
                                                                               
4        Vodafone                      6.4%           B/S              6       
                                                                               
5        British American Tobacco      6.1%           B/S              4       
                                                                               
6        Astrazeneca                   6.0%           B/S              9       
                                                                               
7        BG                            5.3%           B/S             11       
                                                                               
8        National Grid                 5.2%           B/S              7       
                                                                               
9        Imperial Tobacco              5.2%            S               8       
                                                                               
10       BT                            5.0%           B/S              5       

All ordinary shares unless otherwise stated

Changes to Share Capital

                                       Ordinary Shares of 25p each   
                                                                     
                                              Issued     Treasury    
                                                                     
As at 30 Sept 2008                       195,116,734                0
                                                                     
Shares bought back                                 0                0
                                                                     
Shares issued                                      0                0
                                                                     
As at 31 Dec 2008                        195,116,734                0

The Company has authority to buy back shares within specified limits. The
Company expects to renew this authority each year.

Price and Performance

The Company's Ordinary shares are listed on the London Stock Exchange and the
price is published in the Financial Times and the Times under `Investment
Companies' and in the Daily Telegraph under `Investment Trusts'.

The Company's net asset value is calculated on a daily basis and can be viewed
on the London Stock Exchange website at www.londonstockexchange.com.

Further information can be obtained from Invesco Perpetual as follows:

Free Investor Helpline: 0800 085 8677

Internet address: www.invescoperpetual.co.uk/investmenttrusts

The information provided in this statement should not be considered as a
financial promotion.

Interim management statements are expected to be published in January and July
each year.

For and on behalf of
Invesco Asset Management Limited
27 January 2009

Registered Office:                                       Administrative Office:
Quartermile One                                              30 Finsbury Square
15 Lauriston Place                                              London EC2A 1AG
Edinburgh EH3 9EP                                      Telephone: [phone]
Registered in Scotland No 1836                         Facsimile: 020 7065 3166
                                                                               
An Investment Company under Section 833 of the Companies Act 2006