Investment Policy

Witan Investment Trust PLC
15 October 2003

WITAN INVESTMENT TRUST PLC

15 October 2003

WITAN INVESTMENT TRUST PLC

                                Investment Policy

The Board of Witan Investment Trust plc ('Witan') has noted the publication of
the Investment Entities (Listing Rules and Conduct of Business) Instrument 2003,
and, accordingly, hereby gives notification that it is Witan's stated investment
policy to invest no more than 15% of its gross assets in other listed investment
companies (including listed investment trusts).

- END -

For further information please contact:

James Robinson
Witan Investment Trust plc
Telephone: [phone]

Stephen Westwood
Head of Investment Trusts
Henderson Global Investors
Telephone: [phone]

James Budden
Marketing Manager
Henderson Global Investors
Telephone: [phone]

Gordon Puckey/Eleanor Clarke
Quill Communications
Telephone: [phone]



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