Holding(s) in Company

Brunner Investment Trust PLC
30 December 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

The Brunner Investment Trust PLC

2)   Name of shareholder having a major interest

AXA S.A

3)   Please state whether notification indicates that it is in respect of
     holding of the shareholder named in 2 above or in respect of a
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18:


As in 2 above.


4)   Name of the registered holder(s) and, if more than one holder, the
     number of shares held by each of them:

HSBC Global Custody Nominee (UK) Ltd      A/C 867530  1,280,000

HSBC Global Custody Nominee (UK) Ltd      A/C 867116  3,900,000

HSBC Global Custody Nominee (UK) Ltd      A/C 867268  3,200,000




5)   Number of shares/amount of stock acquired

-

6)   Percentage of issued class

-

7)   Number of shares/amount of stock disposed

See additional information

8)   Percentage of issued class

-

9)   Class of security

Ordinary 25p shares.

10)  Date of transaction

See additional information

11)  Date company informed

30 December 2004

12)  Total holding following this notification

8,380,000


13)  Total percentage holding of issued class following this notification


16.00%


14)  Any additional information


This notification arises following the settlement on 24 December 2004 of the
share buy back of 45,000 shares resulting in the issued share capital of the
company being reduced to 52,361,416.



15)  Name of contact and telephone number for queries

Kirsten Salt - 020 7065 1513

16)  Name and signature of authorised company official responsible for
     making this notification


Kirsten Salt - Company Secretary




16)        Name of company official responsible for making this notification:



Kirsten Salt



Date of notification 30 December 2004






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