Transaction in Own Shares

Monks Investment Trust PLC
19 December 2006

                         The Monks Investment Trust PLC

                           Purchase of Own Securities

On 18 December 2006, the Company purchased for cancellation 620,000 ordinary
shares at a price of  281.60p.

There remain 285,920,295 ordinary shares in issue.

                                                           Baillie Gifford & Co.

                                                             Company Secretaries

                                                                19 December 2006


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