Geographical Distribution

Brunner Investment Trust PLC
8 June 2004




                    THE BRUNNER INVESTMENT TRUST PLC
               Geographical Distribution as at 28 May 2004


                                                           VALUE                                  %

CASH                                                       46,031,285                         19.33

UNITED KINGDOM                                            102,994,769                         43.26

NORTH AMERICA                                              48,604,067                         20.41

EUROPE                                                     22,314,205                          9.37

PACIFIC EX JAPAN                                            7,520,515                          3.16

ASIA                                                       10,636,322                          4.47

LATIN AMERICA                                                       0                          0.00

Other Intl                                                          0                          0.00

Total Assets less Current Liabilities                     238,101,163                        100.00




Europe
   Austria                                                          0                         0.00%
   Belgium                                                    723,745                         0.30%
   Denmark                                                    841,303                         0.35%
   Finland                                                                                    0.00%
   France                                                   3,538,259                         1.49%
   Germany                                                  6,065,994                         2.55%
   Greece                                                   1,427,757                         0.60%
   Italy                                                    2,106,327                         0.88%
   Netherlands                                                966,741                         0.41%
   Norway                                                     874,322                         0.37%
   Portugal                                                                                   0.00%
   Russia                                                     668,505                         0.28%
   Spain                                                      720,935                         0.30%
   Sweden                                                                                     0.00%
   Switzerland                                              4,380,318                         1.84%
                                                           22,314,205                         9.37%



Other Pacific
   Australia                                                2,339,732                         0.98%
   China                                                                                      0.00%
   Hong Kong                                                3,781,267                         1.59%
   Korea                                                      714,391                         0.30%
   Malaysia - incl Govett Asian Smlr                                                          0.00%
   New Zealand                                                685,125                         0.29%
   Singapore                                                                                  0.00%
   Taiwan                                                                                     0.00%
                                                            7,520,515                         3.16%

Latin America

Latin America -  Brazil                                             0                         0.00%
                                                                    0                         0.00%


United Kingdom
UK total per valuation                                    127,994,769                        53.76%
Less Fixed Interest                                       -25,000,000                       -10.50%

                                                          102,994,769                        43.26%

North America
USA                                                        46,588,454                        19.57%
Canada                                                      2,015,613                         0.85%
Mexico                                                                                        0.00%

                                                           48,604,067                        20.42%

Asia
Japan                                                      10,636,322                         4.47%
India - DRCM India Fund                                             0                         0.00%
                                                           10,636,322                         4.47%

Other Int'l
Other Int'l                                                                                   0.00%
                                                                    0                         0.00%
TOTAL                                                     192,069,878




Enquiries:

Kirsten Salt
Company Secretary
Tel:  [phone]

8 June 2004



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