Holding(s) in Company

Witan Investment Trust PLC
27 March 2007


TR-1:               notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing        WITAN Investment Trust Plc
shares to which voting rights are attached:

2. Reason for the notification     (please tick the appropriate box or boxes)

An acquisition or disposal of voting rights                                                       X

An acquisition or disposal of financial instruments which may result in the acquisition of
shares already issued to which voting rights are attached

An event changing the breakdown of voting rights

Other (please specify):___________________________________________


3. Full name of person(s) subject to the notification                     Carrousel Capital Ltd
obligation:                                                                Investment Manager

4. Full name of shareholder(s) (if different from 3.):                    The Carrousel Fund Ltd
                                                                        The Carrousel fund II Ltd

5. Date of the transaction (and date on which the threshold is              26 March 2007
crossed or reached if different):

6. Date on which issuer notified:                                           27 March 2007

7. Threshold(s) that is/are crossed or reached:                                 5.15%

8. Notified details:

A: Voting rights attached to shares

Class/type of    Situation previous to Resulting situation after the triggering transaction(i)
shares           the Triggering
                 transaction
 if possible     Number of  Number of  Number of     Number of voting rights  % of voting rights
using the ISIN   Shares     Voting     shares
CODE                        Rights     Direct        Direct       Indirect    Direct       Indirect


Ordinary         0          0          13,110,607    13,110,607               5.15%
GB0009744060


B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial    Expiration date Exercise/ Conversion      Number of voting rights    % of voting
instrument                           Period/ Date              that may be acquired if    rights
                                                               the instrument is
                                                               exercised/ converted.



Total (A+B)

Number of voting rights                            % of voting rights

13,110,607                                         5%




9. Chain of controlled undertakings through which the voting rights and/or the 
financial instruments are effectively held, if applicable :

Carrousel Capital Ltd prime brokers hold the shares in nominees accounts.

The prime brokers are Bear Stearns and Citigroup


Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:


13. Additional information:

14. Contact name:                                 Jasmine Yennek or Bruno Sangle-Ferriere

15. Contact telephone number:                     020 7529 5986 or 020 7529 5981

Annex Notification Of Major Interests In Shares

A: Identity of the person or legal entity subject to the notification obligation

Full name (including legal form for legal entities)             Carrousel Capital Limited

Contact address (registered office for legal entities)           Hammond House
                                                                       117 Piccadilly
                                                                       London W1J 7JU

Phone number                                                    00 44 20 7493 6518

Other useful information (at least legal representative         Legal Advisers: Dechert London
for legal persons)



B:        Identity of the notifier, if applicable

Full name                                                       Jasmine Yennek/Bruno Sangle-Ferriere

Contact address
                                                                Carrousel Capital Ltd
                                                                       Hammond House
                                                                       117 Piccadilly
                                                                       London W1J 7JU


Phone number                                                    020 7529 5986/0207 529 5981

Other useful information (e.g. functional relationship          Company Secretary
with the person or legal entity subject to the
notification obligation)



C:        Additional information

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