Conversion of Warrants

New India Investment Trust PLC
07 August 2006

                         NEW INDIA INVESTMENT TRUST PLC



                             Conversion of Warrants



New India Investment Trust plc (the 'Company') has today applied for the listing
of 8,600 Ordinary shares of 25p each ('Ordinary Shares'). The listing
application has been made following the exercise of 8,600 Warrants to subscribe
for Ordinary Shares at 100p per share ('Warrants') in the period to 31 July
2006. The Ordinary Shares will, rank pari passu with the existing Ordinary
Shares of the Company.  Following the issue there will be 47,839,350 Ordinary
Shares and 12,805,790 Warrants in issue.



Enquiries:

Charles Mearns, Aberdeen Asset Managers Limited 0131 313 1000




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