Transaction in Own Shares

Monks Investment Trust PLC
29 January 2007



                         The Monks Investment Trust PLC

                           Purchase of Own Securities

On 26 January 2007, the Company purchased for cancellation 760,000 ordinary
shares at a price of  280.64p.

There remain 284,060,295 ordinary shares in issue.

                                                            Baillie Gifford & Co

                                                             Company Secretaries

                                                                 29 January 2007


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