Directors Shrhldg-Replacement

Witan Investment Company Plc
14 January 2000





The issuer has advised that the following alteration should be made to the
WITAN INVESTMENT COMPANY PLC, 'DIRECTOR'S SHAREHOLDING' announcement released
yesterday at 17:01 under RNS No 7556d. 

Question 15 should read 'Beneficial  999,177 and Non-Beneficial 2,092,167'
and not 'Beneficial 989,177 and Non-beneficial 2,105,567', as previously shown.

The full corrected version is shown below.





                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

    WITAN INVESTMENT COMPANY PLC

2)  NAME OF DIRECTOR

    THE LORD FARINGDON


3)  Please state whether notification indicates that it is in respect of
    holding of the Director named in 2 above or holding of that person's
    spouse or children under the age of 18 or in respect of a non-beneficial
    interest

    NON-BENEFICIAL


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

    HENDERSON NOMINEES LTD


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

    MRS P W TUFNELL V/S 1


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

    NON-BENEFICIAL SALE


7)  Number of shares/amount of
    stock acquired

    -


8)  (    % )
    of issued Class

9)  Number of shares/amount
    of stock disposed

    4,000

10)  (INSIGNIFICANT % )
   of issued Class

11) Class of security

    ORDINARY SHARES OF 25P


12) Price per share

    £4.57P


13) Date of transaction

    11.01.00
  

14) Date company informed

    13.01.00

15) Total holding following this notification

    BENEFICIAL          999,177
    NON-BENEFICIAL    2,092,167

16) Total percentage holding of issued class following this notification

    BENEFICIAL          0.26%
    NON-BENEFICIAL      0.56%


     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

    MRS WJ KING 0171 410 4233

25) Name and signature of authorised company official responsible for
    making this notification

    Date of Notification....13 JANUARY 2000..........