Holding(s) in Company

SCHEDULE 10

                    NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

Aberdeen New Dawn Investment Trust PLC

2. Name of shareholder having a major interest

Asset Value Investors Limited

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18

British Empire Securities

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

Chase Nominees

5. Number of shares / amount of stock acquired

N/A

6. Percentage of issued class

N/A

7. Number of shares / amount of stock disposed

316,300

8. Percentage of issued class

1.36%

9. Class of security

Ordinary 25p shares

10. Date of transaction

26 March 2004


11. Date company informed

29 March 2004

12. Total holding following this notification

446,988

13. Total percentage holding of issued class following this notification

1.92%

14. Any additional information



15. Name of contact and telephone number for queries

Ruth Humphrey, 020 7463 6305

16. Name and signature of authorised company official responsible for making
this notification

Aberdeen Asset Management PLC - Secretary

Date of notification

29 March 2004