Interim Management Statement

Bankers Investment Trust PLC
27 February 2008


THE BANKERS INVESTMENT TRUST PLC

HENDERSON GLOBAL INVESTORS

27 FEBRUARY 2008

                        THE BANKERS INVESTMENT TRUST PLC

                          Interim Management Statement
          Review of the period from 1 November 2007 to 31 January 2008


Portfolio:  During the period there was a reduction in the portfolio exposure to
both the UK and Europe. The majority of the proceeds were reinvested in the US,
as it is expected that the current economic slowdown in the US will be
relatively mild. In the US, a competitive currency and improving export orders
combined with sharply lower interest rates should offset the consumer slowdown.
We expect to continue to favour increasing the US exposure.  Our investment in
the financial sector is weighted toward insurance and life assurance holdings,
although the valuation of some banks now offer good value.

Board: Mr James Morley will retire from the Board at the conclusion of the AGM
on 27 February 2008.  Mr David Thomas will succeed Mr Morley as Chairman of the
Audit Committee.

Gearing:  gearing at the end of the quarter was 5.0% (at 31 October 2007: 4.0%).

Dividends:  following shareholder approval at the Annual General Meeting held
today, a final dividend of 2.60p per ordinary share, in respect of the year
ending 31 October  2007, will be paid on 29 February 2008 to holders registered
on 25 January 2008.

Discount:  the share price discount to net asset value at 31 January 2008 was
11.8% (31 October 2007: 11.0%).

Share Capital:  during the period the Company bought back 714,716 ordinary
shares at a cost of £2.9m.

The directors are not aware of any other significant events or transactions up
to the date of this report which would have a material impact on the financial
position of the Company.

PERFORMANCE AND FINANCIAL HIGHLIGHTS


Total Return Performance at 31 January 2008
                                                                3 months      1 year      3 years      5 years
Share Price                                                       -10.5%       -3.5%        47.5%       112.7%
Net Asset Value per ordinary share                                 -9.8%       -1.8%        44.5%       121.3%
FTSE All Share Index                                              -12.8%       -3.6%        35.3%       105.3%
Composite Index: 50/50 FTSE All-Share Index/ FTSE World
(ex UK ) Index                                                    -10.6%       -1.6%        35.0%        93.8%

Sources:  AIC Services Limited and Datastream


Financial Position (in accordance with the AIC formula, ie excluding current
financial year revenue items)


                                                           At 31 January 2008            At 31 October 2007
Total assets (£'000)                                                 £527,000                      £588,000
Net asset value per ordinary share                                     442.4p                        493.3p
Ordinary share price mid-market price                                  390.0p                        439.0p
Discount                                                                11.8%                         11.0%
Gearing                                                                  5.0%                          4.0%


THE PORTFOLIO
(Distribution of total investments employed)


Top 10 Investments                            Country    % of total assets             % of total assets
                                                       at 31 January  2008                 at 31 October

                                                                                                    2007
BP                                                                    4.39                          4.61
Vodafone                                                              1.94                          1.87
Petrol Brasileiros                                                    1.92                          1.42
Royal Dutch Shell                                                     1.66                          1.78
HSBC                                                                  1.61                          2.80
Barclays                                                              1.47                          1.28
GlaxoSmithKline                                                       1.41                          1.32
British American Tobacco                                              1.40                          1.28
BG Group                                                              1.33                          0.96
Xstrata                                                               1.28                          1.03




Geographic Breakdown                                    % at 31 January  2008          % at 31 October 2007
United Kingdom                                                           49.3                          51.6
Europe                                                                   13.8                          14.8
North America                                                            14.6                          12.4
Japan                                                                     9.8                           9.1
Pacific (ex Japan)                                                        7.8                           8.3
Emerging Markets                                                          3.7                           3.0
Cash                                                                      1.0                           0.8


Sector Breakdown                                        % at 31 January  2008          % at 31 October 2007
Financials                                                               26.4                          26.7
Oil & Gas                                                                15.6                          14.4
Basic Materials                                                           6.3                           6.6
Industrials                                                              14.7                          15.2
Consumer Goods                                                           10.6                           9.9
Health Care                                                               5.7                           5.6
Consumer Services                                                         7.6                           8.8
Telecommunications                                                        5.1                           4.9
Utilities                                                                 3.8                           3.5
Technology                                                                3.2                           3.6
Cash                                                                      1.0                           0.8


The objective of The Bankers Investment Trust PLC is to achieve long term asset
growth in excess of the FTSE All-Share Index and, to achieve regular dividend
growth in excess of the increase in the Retail Prices Index.   The Manager is
Henderson Global Investors Limited.   Further information on the Company,
including an up to date NAV and share price information, can be found at
www.bankersinvestmenttrust.com.


Richard Brewster
Chairman

                                    - ENDS -


For further information, please contact:

Alex Crooke
Portfolio Manager
The Bankers Investment Trust PLC
Telephone: [phone]

James de Sausmarez
Head of Investment Trusts
Henderson Global Investors
Telephone: [phone]

Sarah Gibbons-Cook
Investor Relations and PR Manager
Henderson Global Investors
Telephone: [phone]



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