Transaction in Own Shares

Bankers Investment Trust PLC
18 May 2004

HENDERSON GLOBAL INVESTORS

THE BANKERS INVESTMENT TRUST PLC

18 MAY 2004




                        THE BANKERS INVESTMENT TRUST PLC


                    Market Purchase of Company's Own Shares



Notification is given that pursuant to the authority granted at the Annual
General Meeting of the Company held on 20 February 2004 to make market purchases
of the Company's own shares of 25p, a market purchase of 30,000 ordinary shares
of 25p each in the capital of the Company was made today at a price of 246.9379p
per share.


The total number of shares in issue is now 126,139,781.

                                     -ENDS-



For further information please contact:

Alex Crooke

The Bankers Investment Trust PLC

Telephone: [phone]

Stephen Westwood

Head of Investment Trusts, Henderson Global Investors

Telephone: [phone]

Stephen Phillips

Associate Director, Henderson Global Investors

Telephone: [phone]


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