RNS Number:1190D
Investec Investment Trust PLC
30 October 2002


INTERIM ANNOUNCEMENT

UNAUDITED PROFIT AND LOSS ACCOUNT FOR THE SIX MONTHS ENDED
30TH SEPTEMBER 2002

                                Six months      Six months         Year
                                     ended           ended        ended
                               30 September   30 September        March
                                       2002           2001         2002
                                  Unaudited      Unaudited      Audited
                                    (note 2)       (note 2)     (note 2)
                                       #000           #000         #000


Income from other fixed
investments                               -              -            -

Investment gains                          -              -            -

Administrative expenses                  -1             -1           -4

Loss on ordinary activities
before taxation                          -1             -1           -4

Tax on loss on ordinary
activities                                -              -            -

Loss on ordinary activities
after taxation                           -1             -1           -4

Dividends on preference
stock                                   -31            -31          -62

Retained loss for the
financial year                          -32            -32          -66

Assets
Net assets                           29,444         29,510       29,476
Non Equity Shareholders
funds                                -1,645         -1,645       -1,645

Ordinary shareholders
funds                                27,799         27,865       27,831

Notes

1.   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 percent and #345,438 nominal 5 per cent cumulative preference stocks are
listed on the London Stock Exchange.

2.   The results for the six months ended 30th September 2002 are unaudited
and have been prepared on a basis consistent with the statutory accounts
for the year ended 31st March 2002.

3.   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.

4.   No dividend is proposed in respect of the ordinary shares (2001:#Nil).

5.   Copies of this announcement have been posted to all shareholders and
are available to the public at the registered office of the Company.


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

END



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