Transaction in Own Shares

Monks Investment Trust PLC
22 January 2007


                         The Monks Investment Trust PLC

                           Purchase of Own Securities

On 19 January 2007, the Company purchased for cancellation 900,000 ordinary
shares at a price of  274.21p.

There remain 284,820,295 ordinary shares in issue.

                                                            Baillie Gifford & Co

                                                             Company Secretaries

                                                                 22 January 2007


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