Transactions in Close Period

New India Investment Trust PLC
02 October 2007



2/10/2007


NEW INDIA INVESTMENT TRUST PLC


New India Investment Trust PLC announces that it is satisfied, by virtue of the
points listed below, that all inside information which the directors and the
Company have in leading up to the announcement of the Interim Results has been
notified to a Regulated Information Service and that the Company is thereby
exempted from the provisions of the Combined Code in relation to closed periods
for any dealings by persons discharging managerial responsibilities in New India
Investment Trust Plc and any purchases by New India Investment Trust Plc of its
own securities.



In so stating the Company has had regard to;



1)      the announcement on the 1st October 2007 of the Net Asset Value per
share as of the close of business on the 28th September 2007,

2)      the manager's belief, following reasonable enquiries, that there will be
no material difference between the information published on the 1st of October
2007 and that to be included in the forthcoming Interim Results,

3)      the Company's practice of calculating Net Asset Values per share on a
daily basis and announcing these Net Asset Values to an RIS,

4)      there being no other unpublished information which constitutes price
sensitive information in respect of the company's securities and

5)      there being no unquoted investments within the trusts portfolio,





This announcement is issued pursuant to paragraph 15.5.1 of the FSA Listing
Rules as amended 28/09/2007.








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