Result of AGM

Lindsell Train Investment Trust PLC
08 July 2005



THE LINDSELL TRAIN INVESTMENT TRUST PLC

The Lindsell Train Investment Trust plc announces that at the Annual General
Meeting of the Company held on 5 July 2005, all Resolutions were passed,
including the below Special Business dealt with at the meeting.

Special Business

The following Resolution was proposed and passed as a Special Resolution:

THAT the Company be and is hereby generally and unconditionally authorised in
accordance with section 166 of the Companies Act 1985 (the 'Act') to make market
purchases (within the meaning of section 163 of the Act) of Ordinary Shares of
75p each ('Ordinary Shares') in the capital of the Company provided that:

(i) the maximum number of Ordinary Shares hereby authorised to be purchased
shall be 29,999;

(ii) the minimum price which may be paid for an Ordinary Share shall be 75p;

(iii) the maximum price which may be paid for an Ordinary Share shall not exceed
105% of the average of the market quotations for the Ordinary Shares for the
five business days immediately preceding the date of purchase;

(iv) any purchase of shares will be made in the market for cash at prices below
the prevailing net asset value per Ordinary Share;

(v) any shares so purchased shall be cancelled unless the directors otherwise
determine, subject to the provisions of the Companies (Acquisition of Own
Shares)(Treasury Shares) Regulations 2003, that they are to be treated as
Treasury Shares; and

(vi) unless renewed, such authority hereby conferred shall expire at the Annual
General Meeting of the Company to be held in 2006 or, if earlier, the date 15
months from the passing of the resolution, save that the Company may, prior to
such expiry, enter into a contract to purchase shares which will or may be
completed or executed wholly or partly after such expiry.

8 July 2005

Phoenix Administration Services Limited - Secretary


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