Purchase of Own Securities

Monks Investment Trust PLC
24 January 2000


ON 21 JANUARY 2000, THE COMPANY PURCHASED FOR CANCELLATION 75,000 ORDINARY
SHARES AT A PRICE OF 935.00P PER ORDINARY SHARE, BRINGING THE TOTAL NUMBER OF
SHARES BOUGHT BACK TO 5,870,000.  THERE REMAINS 71,722,000 SHARES IN ISSUE.