Director Shareholding

Witan Investment Trust PLC
10 October 2002

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company
 WITAN INVESTMENT TRUST PLC



2. Name of director
 LORD FARINGDON



3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest
 BENEFICIAL INTERESTS OF LORD FARINGDON



4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)
GREENWOOD NOMINEES LIMITED



5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)
AS 2 ABOVE



6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary
AS 2 ABOVE



7. Number of shares / amount of stock acquired
 -



8. Percentage of issued class
-



9. Number of shares/amount of stock disposed
40,000



10. Percentage of issued class
 0.01%



11. Class of security
 ORDINARY 25P SHARES



12. Price per share
 247.5P



13. Date of transaction
 10 OCTOBER 2002



14. Date company informed
 10 OCTOBER 2002



15. Total holding following this notification
 856,026 BENEFICIAL AND 1,348,457 NON-BENEFICIAL



16. Total percentage holding of issued class following this notification
 0.24% (BENEFICIAL) AND 0.38% (NON-BENEFICIAL)



If a director has been granted options by the company please complete the
following boxes.

17. Date of grant
 -



18. Period during which or date on which exercisable
-



19. Total amount paid (if any) for grant of the option
 -



20. Description of shares or debentures involved: class, number
 -



21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise
 -



22. Total number of shares or debentures over which options held following this
notification
 -



23. Any additional information
 -



24. Name of contact and telephone number for queries
 G S RICE - 020 7818 4469



25. Name and signature of authorised company official responsible for making
this notification
GEOFFREY RICE

FOR AND ON BEHALF OF HENDERSON SECRETARIAL SERVICES LIMITED



Date of Notification
 10 OCTOBER 2002



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