Portfolio Update

Investec High Income Trust Plc                         

Portfolio Disclosure

In accordance with Paragraph 21.20 (I) (i) of the Listing Rules, the Company
announces that, as at close of business on 31 August 2004, it held a total of
0.0067% of its gross assets in the following listed investment company, which
does not itself have a stated investment policy to invest no more than 15% of
its gross assets in other listed investment companies:

                                                  % of Total Assets 
                                                                    
BFS Income & Growth (ZDP)                         0.0067            
                                                                    

For enquiries please contact:

Martin Slade 020 7597 2000

Investec Investment Management Limited