Geographical Distribution

Brunner Investment Trust PLC
10 January 2005


                                 THE BRUNNER INVESTMENT TRUST PLC
                         Geographical Distribution as at 31 December 2004


                                                           VALUE                                  %



CASH                                                       40,772,263                         16.34

UNITED KINGDOM                                            118,452,438                         47.47

NORTH AMERICA                                              42,473,226                         17.02

EUROPE                                                     26,159,603                         10.48

PACIFIC EX JAPAN                                            9,152,716                          3.67

ASIA                                                       12,545,840                          5.03

LATIN AMERICA                                                       0                          0.00

Other Intl                                                          0                          0.00

Total Assets less Current Liabilities                     249,556,086                        100.01


Europe

   Austria                                                  1,180,674                         0.47%
   Belgium                                                  1,783,982                         0.71%
   Denmark                                                                                    0.00%
   Finland                                                                                    0.00%
   France                                                   6,147,120                         2.46%
   Germany                                                  5,713,315                         2.29%
   Greece                                                     949,593                         0.38%
   Italy                                                    3,455,834                         1.38%
   Netherlands                                              1,895,349                         0.76%
   Norway                                                                                     0.00%
   Portugal                                                                                   0.00%
   Russia                                                                                     0.00%
   Spain                                                      921,475                         0.37%
   Sweden                                                     868,151                         0.35%
   Switzerland                                              3,244,111                         1.30%
                                                           26,159,603                        10.47%



Other Pacific

   Australia                                                2,734,543                         1.10%
   China                                                      552,973                         0.22%
   Hong Kong                                                2,384,338                         0.96%
   Korea                                                    2,320,652                         0.93%
   Malaysia - incl Govett Asian Smlr                                                          0.00%
   New Zealand                                                262,080                         0.11%
   Singapore                                                                                  0.00%
   Taiwan                                                     898,130                         0.36%
                                                            9,152,716                         3.68%

Latin America

Latin America -  Brazil                                             0                         0.00%
                                                                    0                         0.00%


United Kingdom

UK total per valuation                                    143,477,438                        57.49%
Less Fixed Interest                                       -25,025,000                       -10.03%

                                                          118,452,438                        47.46%

North America

USA                                                        39,348,416                        15.77%
Canada                                                      3,124,810                         1.25%
Mexico                                                                                        0.00%

                                                           42,473,226                        17.02%

Asia

Japan                                                      12,545,840                         5.03%
India - DRCM India Fund                                             0                         0.00%
                                                           12,545,840                         5.03%

Other Int'l

Other Int'l                                                                                   0.00%
                                                                    0                         0.00%

TOTAL                                                     208,783,822



Enquiries:


Kirsten Salt

Company Secretary

Tel:  [phone]


10 January 2005



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