RNS Number:2903S
Platinum Investment Trust PLC
20 November 2003



                         PLATINUM INVESTMENT TRUST PLC


The Directors announce that all the outstanding Zero Coupon Convertible
Unsecured Loan Stock 2007 ("CULS") were redeemed on 19th November 2003 at a 
total cost to the Company of #3.0m in accordance with the proposals sent to the 
CULS Holders on 8th October 2003.

For further information:-

Eric McAuslan
0131 220 3962

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

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