Holding(s) in Company

New India Investment Trust PLC
07 September 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):

            19 March 2007



6.         Date on which issuer notified:

            7 September 2007



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

            Transition Rule #7 in relation to DTR 5.8.3


8.         Notified details:





A: Voting rights attached to shares


Class/type of shares if possible      Situation previous to the          Resulting situation after the
using the ISIN CODE                  Triggering transaction (vi)         triggering  transaction (vi)

GB0006048770                                                                       2,744,930



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

                                                                        2,744,930                      5.74%



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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