Final Results

RNS Number:1037O
Investec Investment Trust PLC
29 July 2003

PRELIMINARY ANNOUNCEMENT

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2003


                                                             2003      2002
                                                             #000      #000

Administrative expenses                                        (4)       (4)
                                                            ------    ------
Loss on ordinary activities before taxation                    (4)       (4)

Tax on loss on ordinary activities                              -         -
                                                            ------    ------
Loss on ordinary activities after taxation                     (4)       (4)

Dividends on preference stock                                 (62)      (62)       
                                                            ------    ------
Retained loss for the financial year                          (66)      (66)
 

Net assets                                                 29,410    29,476

Non Equity shareholders funds                              (1,645)   (1,645)
                                                           ------    ------
Ordinary shareholders funds                                27,765    27,831
                                                           ======    ======


Notes

1. Cash Flow Statement

   The Company is exempt from the requirements to prepare a cash flow statement 
   under Financial Reporting Standard 1, because a consolidated cash flow 
   statement is included in the publicly available consolidated Financial 
   statements of its ultimate holding company, Investec plc.

2. The above financial statements are prepared on a consistent basis compared to 
   prior years.

3. Investec Group Investments (UK) Limited, a wholly-owned subsidiary of 
   Investec Bank (UK) Limited, owns all of the ordinary shares of the company, 
   #266,586 of the nominal 3.5 per cent cumulative preference stock and #96,612 
   of the nominal 5 per cent preference stock, in issue. The issued #1,300,000 
   nominal 3.5 per cent and #345,438 nominal 5 per cent cumulative preference 
   stocks are listed on the London Stock Exchange.

4. Surplus liquidity arising from time to time was loaned by the company during 
   the period on an interest free basis to its immediate parent company, 
   Investec Group Investments (UK) Limited. The loan is repayable on demand and 
   the company has the right, at any time and at its sole discretion, to charge 
   interest thereon at a commercial rate.

5. The tax charge is based on the effective tax rate for the full year.

6. No dividend is proposed in respect of the ordinary shares (2002:#Nil).

7. The above financial information is an abridged version of the company's full 
   accounts which have not yet been filed with the Registrar of Companies.

8. The Report and Financial Statements will be posted to holders of preference 
   stocks of the company and copies are available, upon request, at the 
   Registered Office of the company.


                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
FR SEIFWUSDSESW