Transaction in Own Shares

Monks Investment Trust PLC
19 May 2006

                         The Monks Investment Trust PLC

                           Purchase of Own Securities

On 19 May 2006, the Company purchased for cancellation 625,000 ordinary shares
at a price of  264.67p.

There remain 286,735,295 ordinary shares in issue.

                                                           Baillie Gifford & Co.

                                                             Company Secretaries

                                                                     19 May 2006


                      This information is provided by RNS
            The company news service from the London Stock Exchange