SCHEDULE 11

NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

All relevant boxes should be completed in block capital letters.

1.   Name of company

Martin Currie Japan Investment Trust Plc

2.   Name of director

Alfred Charles Shedden

3.   Please state whether notification indicates that it is in respect
of holding of the shareholder named in 2 above or in respect of a non-
beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18 or in
respect of an non-beneficial interest

As in 2. above

4.   Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them (if notified)

As in 2. above

5.   Please state whether notification relates to a person(s) connected
with the director named in 2 above and identify the connected person(s)

As in 2. above

6.   Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary /non discretionary

Purchase within savings plan

7.   Number of shares/amount of stock acquired

138.195

8.   Percentage of issued class

0.000003%

9.   Number of shares/amount of stock disposed

N/A

10.  Percentage of issued class

N/A

11.  Class of security

Ordinary shares
 25p

12.  Price per share

£0.72

13.  Date of transaction

06 January 2004

14.  Date company informed

06 January 2004

15.  Total holding following this notification

15,946.256

16.  Total percentage holding of issued class following this notification

0.034%

If a director has been granted options by the company please complete
the following boxes.

17.  Date of grant

18.  Period during which or date on which exercisable

19.  Total amount paid (if any) for grant of the option

20.  Description of shares or debentures involved: class, number

21.  Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise

22.  Total number of shares or debentures over which options held
following this notification

23.  Any additional information

24.  Name of contact and telephone number for queries

Jan Wilson 0131 479 4774

25.  Name and signature of authorised company official responsible for
making this notification

Martin Currie Investment Management Limited

Date of notification 07 January 2004