Investment Policy

Brunner Investment Trust PLC
20 October 2003



INVESTMENT POLICY


The Board of The Brunner Investment Trust plc (the 'Company') announces,
following the publication of the Investment Entities (Listing Rules and Conduct
of Business) Instrument 2003, that it is the Company's policy to invest no more
than 15% of its gross assets in other listed investment companies (including
listed investment trusts).




Contact:

Kirsten Salt
Company Secretary
Tel: [phone]


20 October 2003




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