Director Shareholding

New India Investment Trust PLC
15 December 2004


                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


All relevant boxes should be completed in block capital letters.
 ---- -----------------------            ---- ------------------------
  1.  Name of company                     2.  Name of director

      NEW INDIA INVESTMENT TRUST PLC          MR WILLIAM SALOMON
 ----           -----------------------  ----            ------------------------
  3.  Please state whether notification   4.  Name of the registered holder(s)
      indicates that it is in respect         and, if more than one holder, the
      of holding of the shareholder           number of shares held by each of
      named in 2 above or in respect of       them (if notified)
      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 or in respect of an
      non-beneficial interest
      IN RESPECT OF DIRECTOR NAMED IN 2
      ABOVE

                                              DEUTSCHE BANK NOMINEES (JERSEY)
                                              LIMITED
 ----           -----------------------  ----            ------------------------
  5.  Please state whether notification   6.  Please state the nature of the
      relates to a person(s) connected        transaction. For PEP transactions
      with the director named in 2            please indicate whether general/
      above and identify the connected        single
      person(s)                               co PEP and if discretionary/non
                                              discretionary /non discretionary
                                              SHAREHOLDING ON APPOINTMENT AS
                                              DIRECTOR
      N/A
                -----------------------                  ------------------------
  7.  Number of       8.  Percentage of   9.  Number of       10.  Percentage of
      shares/amount       issued class        shares/amount        issued class
      of stock            (any treasury       of stock             (any treasury
      acquired            shares held         disposed             shares held by
                          by company                               company should
                          should not be                            not be taken
                          taken into                               into account
                          account when                             when
                          calculating                              calculating
                          percentage)                              percentage)

      N/A                 N/A                 N/A                  N/A

                                 
      ------------   ---- ------------    ---- -----------    ---- -------------
 11.  Class of       12.  Price per       13.  Date of        14.  Date company
      security            share                transaction         informed

      ORDINARY            N/A                  N/A                 9 DECEMBER
      SHARES OF 25P                                                2004
      EACH
 ----  ------------  ----  ------------   ----   -----------  ----  -------------
 15.  Total holding following this        16.  Total percentage holding of issued
      notification                             class following this notification
                                               (any treasury shares held by
                                               company should not be taken into
                                               account when calculating
                                               percentage)
                                                                            0.6%
                              285,000
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If a director has been granted options by the company please complete the
following boxes.
 ---- -----------------------            ---- ------------------------
 17.  Date of grant                      18.  Period during which or date on
                                              which exercisable

 ----           -----------------------  ----            ------------------------
 19.  Total amount paid (if any) for     20.  Description of shares or debentures
      grant of the option                     involved: class, number

 ----           -----------------------  ----            ------------------------
 21.  Exercise price (if fixed at time   22.  Total number of shares or
      of grant) or indication that            debentures over which options held
      price is to be fixed at time of         following this notification
      exercise
                                 ------------------------------------------------
                                 ------------------------------------------------
      -----------------------            ---- ------------------------
 23.  Any additional information         24.  Name of contact and telephone
                                              number for queries
                                              STEPHEN FOLLAND (01534 70 50 40)
                                 ------------------------------------------------
                                 ------------------------------------------------
      -----------------------------------------------
 25.  Name and signature of authorised company official responsible for making
      this notification

Date of notification: 15 DECEMBER 2004
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