Holding(s) in Company

New India Investment Trust PLC
06 June 2007

                                                                      APPENDIX 3



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: No



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

            Utilico Emerging Markets Ltd


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):

            01/06/07



6.         Date on which issuer notified:

            04/06/07



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

            3%


8.         Notified details:

            n/a



A: Voting rights attached to shares


                            Situation previous to triggering transaction (vi)
Class/type of shares if possible           Number of shares                 Number of voting rights
using the ISIN CODE
                                              1,400,000                            1,400,000




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
                                       n/a             Direct (x)     Indirect (xi)       Direct      Indirect
                                                          n/a              n/a              n/a         n/a
                                    1,900,000          1,900,000        1,900,000          3.97%



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

          1,900,000                        3.97%





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

n/a



Proxy Voting:



10.    Name of the proxy holder:

            Utilico Emerging Markets Ltd



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:

            n/a


14.       Contact name:

            Mark Purnell, Aberdeen Asset Managers Ltd



15.       Contact telephone number:

            0207 463 6304






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