AGM Statement

Monks Investment Trust PLC
01 August 2007

                         THE MONKS INVESTMENT TRUST PLC

                     Annual General Meeting, 1 August 2007


At the AGM held on 1 August 2007 all resolutions were passed, including the
following special resolutions:

•        Shareholders authorised the Company to renew its share buy-back
authority.

Shareholders approved a special resolution renewing the Company's authority to
make market purchases of up to 14.99% of the Company's issued share capital,
being 41,129,465 ordinary shares of 5p. Such authority will expire at the
conclusion of the AGM to be held in respect of the year ending 30 April 2008 or,
on 31 December 2008, whichever is earlier, unless previously varied, revoked or
renewed.

•        Special Business - Amendment to Articles of Association

Shareholders approved a special resolution amending the Company's Articles of
Association to extend the indemnity permitted under the Articles of Association
to cover the liability of a director or officer (excluding an auditor) to a
third party , other than the Company.

The full text of all the resolutions can be found in the Notice of Annual
General Meeting contained in the Annual Report and Accounts, copies of which are
available for viewing at the UK Listing Authority's Document Viewing Facility,
which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS

Tel. no. (0)20 7676 1000





                                                            Baillie Gifford & Co

                                                        Managers and Secretaries

                                                                   1 August 2007






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