Transaction in Own Shares

Brunner Investment Trust PLC
15 January 2004

The Brunner Investment Trust PLC announces that on 14th January  2004 it
purchased 25,000 Ordinary 25p Shares, (representing 0.05% of the issued class of
capital), at 267p per Ordinary Share, for cancellation.

Settlement and cancellation of the purchased 25,000 Ordinary Shares is due on
17th January 2004 when the issued share capital of the Trust will fall to
54,780,416 Ordinary 25p Shares.



Enquiries:

Kirsten Salt
Company Secretary
Tel: [phone]

15 January 2004


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