Transaction in Own Shares

Monks Investment Trust PLC
16 March 2007

                         The Monks Investment Trust PLC

                           Purchase of Own Securities

On 16 March 2007, the Company purchased for cancellation 400,000 ordinary shares
at a price of  279.00p.

Following the purchase and cancellation of the above shares 283,660,295 ordinary
shares of 5p each will remain in issue.  The Monks Investment Trust PLC holds no
ordinary shares in Treasury.

The above figure (283,660,295) 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

                                                                   16 March 2007


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