Transaction in Own Shares

Monks Investment Trust PLC
23 January 2008


                         The Monks Investment Trust PLC

                           Purchase of Own Securities

On 22 January 2008, the Company purchased for cancellation of 406,455 ordinary
shares at a price of  341.23p.

Following the purchase and cancellation of the above shares 264,179,859 ordinary
shares of 5p each will remain in issue.  The Monks Investment Trust PLC holds no
ordinary shares in Treasury.

The above figure (264,179,859) may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, The Monks Investment Trust
PLC under the FSA's Disclosure and Transparency Rules.


                                                            Baillie Gifford & Co
                                                             Company Secretaries
                                                                 22 January 2008


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