Result of EGM

Lindsell Train Investment Trust PLC
28 August 2002


The Lindsell Train Investment Trust plc (the 'Company')

Result of the Extraordinary General Meeting


At the Extraordinary General Meeting of the Company held today to consider the
proposals to give the Company the authority to purchase its own ordinary shares,
all the ordinary and special resolutions put to the meeting were duly passed.

For regulatory reasons these proposals include a bonus issue of two ordinary
shares of 25p each for each existing ordinary share of 25p held by shareholders
on Monday, 30th September 2002. Dealings in the bonus shares are expected to
commence at 8.00 a.m. on Tuesday, 1st October 2002. Dealings in the bonus shares
will cease at 7.30 a.m. on Wednesday, 2nd October, at which point every three
ordinary shares of 25p each will be consolidated into one ordinary share of 75p.
Dealings in the consolidated shares are expected to commence at 8.00 a.m. on
Wednesday, 2nd October 2002.

Shareholders should note that a fractional entitlement on consolidation may
arise where a shareholder sells a proportion of its ordinary shares after the
bonus issue and prior to the consolidation (i.e. on Tuesday, 1st October 2002).
Any fractions arising from the consolidation will be consolidated into whole
shares and sold for the benefit of the Company.

Certificates are expected to be despatched in respect of consolidated shares
issued in certificated form by Monday, 7th October (or as soon as possible
thereafter).

The proposals and the above anticipated timetable are subject to the reduction
of the Company's share premium account being sanctioned by the High Court on
Wednesday, 25th September 2002 and the registration of the reduction by the
Registrar of Companies.


Enquiries

Michael Lindsell

Lindsell Train Investment Trust plc

020 7225 6488


Angus Gordon Lennox

Cazenove & Co Ltd

020 7588 2828


END


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