Holding(s) in Company

New India Investment Trust PLC
21 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):

        Aberdeen Asset Management PLC's Fund Management Operating Subsidiaries.


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):

        7 June 2007


6.      Date on which issuer notified:

        21 June 2007


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

        10%


8.      Notified details:

A: Voting rights attached to shares

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

GB0006048770                                  4,510,600                            4,510,600




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                           n/a             Direct (x)     Indirect (xi)       Direct      Indirect

                                                          n/a           4,790,600           10%          -




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.

n/a             n/a                   n/a                       n/a                         n/a




Total (A+B)

   Number of voting rights          % of voting rights

          4,790,600                         10%



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:

            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:

            n/a

14.       Contact name:

            Charles Mearns - Aberdeen Asset Managers Limited



15.       Contact telephone number:

            0131 313 6442




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