Holding(s) in Company

SCHEDULE 10

                    NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

New India Investment Trust PLC

2. Name of shareholder having a major interest

Funds under the management of Aberdeen Asset Management
PLC

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



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



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

250,000 Ordinary 25p shares

8. Percentage of issued class

0.52%

9. Class of security

Ordinary 25p shares

10. Date of transaction

7 February 2005


11. Date company informed

9 February 2005

12. Total holding following this notification

Fund Name                     No. of shares  Percentage
                              held           of issued
                                             share cap.
Aberdeen International Asia   4,500,000      9.41%
Pacific Fund (Harewood
Nominees Limited - 4553000)
Aberdeen Asset Management     1,951,200      4.08%
PLC
Total                         6,451,200      13.49%


13. Total percentage holding of issued class following this notification

13.49%

14. Any additional information



15. Name of contact and telephone number for queries

Robert Hoskin, 020 7463 6322

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

Aberdeen Asset Management PLC - Secretary

Date of notification

9 February 2005