EAGLET INVESTMENT TRUST PLC

The Company announces that Mr Peter Underhill, a Director of the Company, has
purchased a total of 23,500 ordinary shares of the Company (representing 0.074%
of the issued share capital), as follows:

Date of purchase         Number of shares         Price paid per share     
                                                                           
22.12.03                 15,000                   �2.86                    
                                                                           
23.12.03                 8,500                    �2.86                    

Following these transactions, Mr Underhill is interested in a total of 217,137
ordinary shares, (representing 0.684% of the issued share capital).

23.12.03



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