Warrant Coversion

New India Investment Trust PLC
14 August 2006


                         NEW INDIA INVESTMENT TRUST PLC

                             Conversion of Warrants


New India Investment Trust plc (the 'Company') has today applied for the listing
of a further 500 Ordinary shares of 25p each ('Ordinary Shares'). The listing
application has been made following the exercise of 500 extra Warrants to
subscribe for Ordinary Shares at 100p per share ('Warrants') in the period to 31
July 2006. The Ordinary Shares will, rank pari passu with the existing Ordinary
Shares of the Company.  Following the issue there will be 47,839,850 Ordinary
Shares and 12,805,290 Warrants in issue.


Enquiries:
Charles Mearns, Aberdeen Asset Managers Limited 0131 313 1000


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