Purchase of Own Securities

MONKS INVESTMENT TRUST PLC
15 September 1999


ON 14 SEPTEMBER 1999, THE COMPANY PURCHASED FOR CANCELLATION 100,000 ORDINARY
SHARES AT A PRICE OF 877.50P PER ORDINARY SHARE AND 50,000 ORDINARY SHARES AT
A PRICE OF 874.00P PER ORDINARY SHARE, BRINGING THE TOTAL NUMBER OF SHARES
BOUGHT BACK TO 2,695,000.  THERE REMAINS 74,897,000 SHARES IN ISSUE.