Portfolio Disclosure

    Investec High Income Trust Plc                         

Portfolio Disclosure

In accordance with Paragraph 21.20 (I) (i) of the Listing Rules, the Company
announces that, as at close of business on 30 November 2003, it held a total of
5.46% of its gross assets in the following listed investment companies, which
themselves do not have stated investment policies to invest no more than 15% of
their gross assets in other listed investment companies:

                                                  % of Total Assets 
                                                                    
BFS Income & Growth (ZDP)                         0.02              
                                                                    
Close UK Index Growth Fund 2006 (ZDP)             0.88              
                                                                    
Dartmoor Investment Trust (Redeemable Preference) 0.18              
                                                                    
Derby Trust Inc. (Ordinary)                       1.72              
                                                                    
GDT Securities (ZDP)                              0.01              
                                                                    
Investec European Growth & Income (Ordinary)      0.24              
                                                                    
MHIT Securities (ZDP)                             2.40              
                                                                    
Monthly High Income Trust (Ordinary)              0.01              
                                                                    
                                                  5.46              

For enquiries please contact:

Heather Williams 020 7597 2000

Investec Investment Management Limited



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