Transaction in Own Shares

Monks Investment Trust PLC
09 May 2005

                         The Monks Investment Trust PLC

                           Purchase of Own Securities

On 6 May 2005, the Company purchased for cancellation 495,000 ordinary shares at
a price of  191.55p.

There remain 290,860,295 ordinary shares in issue.

                                                           Baillie Gifford & Co.

                                                             Company Secretaries

                                                                     09 May 2005


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