RNS Number:8693R
Platinum Investment Trust PLC
10 November 2003


FOR IMMEDIATE RELEASE

10th NOVEMBER 2003



PLATINUM INVESTMENT TRUST PLC


Conversion of Convertible Unsecured Loan Stock


The Board have been notified that applications to convert 36,584 Zero Coupon
Convertible Unsecured Loan Stock ("CULS") into 36,584 Ordinary Shares were
received by 7th November 2003, the latest date for which applications to convert
could be made.


The Board has resolved to allot 36,584 Ordinary Shares and to apply to The Stock
Exchange for these shares to be admitted to Listing.


The remaining outstanding units of CULS, being 8,340,076 , will be redeemed at
36p per unit at a cost of #3.0m on 19th November 2003.



For further information

Platiunm Fund Managers

Michael Munro

Adam Forsyth

0131 220 2962






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

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