AGM Statement

Monks Investment Trust PLC
01 August 2006


                         THE MONKS INVESTMENT TRUST PLC
                     Annual General Meeting, 1 August 2006


At the AGM held on 1 August 2006 all resolutions were passed, including the
following special resolution:
          
•    Shareholders authorised the Company to renew its share buy-back authority.

     Shareholders approved a special resolution renewing the Company's authority 
     to make market purchases of up to 14.99% of the Company's issued share 
     capital, being 42,981,620 ordinary shares of 5p. Such authority will expire 
     at the conclusion of the AGM to be held in respect of the year ending 30 
     April 2007 or, on 31 January 2008, whichever is earlier, unless previously 
     varied, revoked or renewed.

The full text of all the resolutions can be found in the Notice of Annual
General Meeting contained in the Annual Report and Accounts, copies of which are
available for viewing at the UK Listing Authority's Document Viewing Facility,
which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS

Tel. no. (0)20 7676 1000


                                                            Baillie Gifford & Co
                                                        Managers and Secretaries
                                                                   1 August 2006



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