Interim Management Statement

The Edinburgh Investment Trust plc                       

                         Interim Management Statement                          

                   for the Three Months ended 31 December2010                   

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 2011 of 4.75 pence per share, together with an additional special
dividend of 0.93 pence per share representing the repayment of VAT, were paid
on 30 November 2010 to shareholders on the Company's register on 19 November
2010.

Performance - Total Return

                                3 Months       1 Year      3 Years      5 Years
                                                                               
Share Price                        10.3%        29.2%        17.0%        47.9%
                                                                               
Net Asset Value                     5.6%        15.4%        -3.4%        16.3%
                                                                               
FTSE All-Share Index                7.4%        14.5%         4.4%        28.4%

Source: Thomson Datastream

Share Price and Discount

                                         For the Three Months Ended 31 Dec 2010
                                                                               
                      As at 31 Dec 2010      High         Low        Average   
                                                                               
Share price                454.10p         464.20p      421.70p      442.83p   
                                                                               
Discount                    -0.1%                                              
                                                                               
(debt at par)                                                                  
                                                                               
Premium                      6.1%                                              
                                                                               
(debt at fair value)                                                           

Source: Thomson Datastream

Assets and Gearing

                                 31 Dec 2010     30 Sept 2010            Change
                                                                               
Total Gross Assets (£m)              1,083.5          1,054.3              2.8%
                                                                               
of which comprise cash                   0.2              4.0                  
funds and cash (£m)                                                            
                                                                               
Borrowings at book value               197.1            197.0                  
(£m)                                                                           
                                                                               
Cum income net asset                  454.33          432.18*              5.1%
                                                                               
value (pence)                                                                  
                                                                               
Actual Gearing                           122              123                  

* Ex dividend

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

The Company's debt remains unchanged and is provided by long term debentures
totalling £200 million:

£100,000,000 11.5% debenture stock 2014

£100,000,000 7.75% debenture stock 2022

Sector Breakdown of Portfolio

                              31 Dec 2010       30 Sept 2010
                                                            
Consumer Goods                      24.9%              24.9%
                                                            
Healthcare                          24.2%              24.1%
                                                            
Utilities                           13.4%              14.9%
                                                            
Telecommunications                  11.7%              10.4%
                                                            
Industrials                          9.6%               9.8%
                                                            
Financials                           5.8%               5.3%
                                                            
Consumer Services                    5.4%               5.9%
                                                            
Oil & Gas                            5.0%               4.7%

Top Ten Holdings

Ranking  Investments                     %        Bought/Sold     Ranking at   
                                                                               
Now                                of Portfolio    in Period     30 Sept 2010  
                                                                               
1        GlaxoSmithKline               9.0%            S               1       
                                                                               
2        AstraZeneca                   8.5%            B               2       
                                                                               
3        British American Tobacco      6.9%            S               3       
                                                                               
4        BT                            6.0%            S               6       
                                                                               
5        Vodafone                      5.7%            S               4       
                                                                               
6        Reynolds American - US        5.5%            S               5       
         common stock                                                          
                                                                               
7        BG                            5.0%            S               7       
                                                                               
8        Imperial Tobacco              4.5%            S               8       
                                                                               
9        Tesco                         4.0%            S               9       
                                                                               
10       National Grid                 3.8%            S              10       

All ordinary shares unless otherwise stated

Changes to Share Capital

                                       Ordinary shares of 25p each   
                                                                     
                                              Issued         Treasury
                                                                     
At 30 September 2010                     195,116,734                0
                                                                     
Shares bought back                                 0                0
                                                                     
Shares issued                                      0                0
                                                                     
At 31 December 2010                      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

26 January 2011

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