Holding(s) in Company

New India Investment Trust PLC
10 December 2007



TR-1i: NOTIFICATION OF MAJOR INTERESTS IN SHARES


(1).      Identity of the issuer or the underlying issuer of existing shares to
which voting rights are attached (ii):

            New India Investment Trust PLC


2.         Reason for the notification (please state Yes/No):
                                                                          
An acquisition or disposal of voting rights: Yes

An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: No

An event changing the breakdown of voting rights: No


Other:

3.         Full name of person(s) subject to the notification obligation (iii):

            City of London Investment Management Company Limited


4.         Full name of shareholder(s) (if different from 3.) (iv):

            N/A


5.         Date of the transaction and date on which the threshold is crossed or
  reached (v):

            30 November 2007


6.         Date on which issuer notified:

            4 December 2007



7.         Threshold(s) that is/are crossed or reached:

            5%


8.         Notified details:


A: Voting rights attached to shares


                          Situation previous to the Triggering transaction (vi)
Class/type of shares if possible           Number of shares             Number of voting rights (viii)
using the ISIN CODE

GB0006048770                                  2,744,930                              5.74%



Resulting situation after the triggering transaction (vii)


Class/type of shares if          Number of shares       Number of voting rights (ix)       % of voting rights
possible using the ISIN CODE
GB0006048770                                           Direct (x)     Indirect (xi)       Direct      Indirect

                                                                           0.0                          0.0%



B: Financial Instruments

Resulting situation after the triggering transaction (xii)


Type of         Expiration Date       Exercise/Conversion       Number of voting rights     % of voting rights
financial       (xiii)                Period/ Date (xiv)        that may be acquired if the
instrument                                                      instrument is exercised/
                                                                converted.






Total (A+B)
   Number of voting rights          % of voting rights

          2,744,930                        5.74%





9.      Chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held, if applicable (xv):

            All voting rights on all shares are controlled by City of London
Investment Management Limited.





Proxy Voting:



10.    Name of the proxy holder:

            N/A



11.       Number of voting rights proxy holder will cease to hold:

            N/A



12.       Date on which proxy holder will cease to hold voting rights:

            N/A



13.       Additional information:

            Held through City of London Investment Management Limited


14.       Contact name:

            Judith Wynne, Aberdeen Asset Managers Ltd



15.       Contact telephone number:

            0131 313 6436






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