Geographical Distribution

Brunner Investment Trust PLC
12 May 2004


                   THE BRUNNER INVESTMENT TRUST PLC
            Geographical Distribution as at 30 April 2004


                                        VALUE                             %



CASH                               42,738,866                         17.51

UNITED KINGDOM                    109,674,305                         44.93

NORTH AMERICA                      51,054,423                         20.92

EUROPE                             20,112,339                          8.24

PACIFIC EX JAPAN                    7,390,575                          3.03

ASIA                               12,446,262                          5.10

LATIN AMERICA                               0                          0.00

Other Intl                            656,775                          0.27

Total Assets less Current 
Liabilities                       244,073,546                        100.00


Europe
   Austria                                  0                         0.00%
   Belgium                                                            0.00%
   Denmark                          1,297,889                         0.53%
   Finland                                                            0.00%
   France                           2,667,193                         1.09%
   Germany                          3,415,064                         1.40%
   Greece                           1,472,790                         0.60%
   Italy                            2,802,651                         1.15%
   Netherlands                      2,503,438                         1.03%
   Norway                             829,140                         0.34%
   Portugal                                                           0.00%
   Russia                                                             0.00%
   Spain                              747,546                         0.31%
   Sweden                                                             0.00%
   Switzerland                      4,376,628                         1.79%
                                   20,112,339                         8.24%

Pacific ex-Japan
   Australia                        2,365,835                         0.97%
   China                                                              0.00%
   Hong Kong                        4,239,559                         1.74%
   Korea                              785,181                         0.32%
   Malaysia - incl Govett Asian Smlr                                  0.00%
   New Zealand                                                        0.00%
   Singapore                                                          0.00%
   Taiwan                                                             0.00%
                                    7,390,575                         3.03%

Latin America

Latin America -  Brazil                     0                         0.00%
                                            0                         0.00%

United Kingdom
UK total per valuation            134,694,305                        55.19%
Less Fixed Interest               -25,020,000                       -10.25%

                                  109,674,305                        44.94%

North America
USA                                48,961,958                        20.06%
Canada                              2,092,466                         0.86%
Mexico                                      0                         0.00%

                                   51,054,423                        20.92%

Asia
Japan                              12,446,262                         5.10%
India                                       0                         0.00%
                                   12,446,262                         5.10%

Other Int'l
Other Int'l                           656,775                         0.27%
                                      656,775                         0.27%
TOTAL                             201,334,680
Enquiries:

Kirsten Salt
Company Secretary
Tel:  [phone]

12 May 2004


                      This information is provided by RNS
            The company news service from the London Stock Exchange