RNS Number:5812S
M&G High Income Inv Tst PLC
27 November 2003

27 November 2003



M&G High Income Investment Trust P.L.C.

Substantial Shareholding



M&G High Income Investment Trust P.L.C. (M&G HIT) announces that it has recently
been informed that immediately following a sale of 125,000 M&G HIT Income shares
on 26 November 2003, Exeter Asset Management Limited was interested in
10,100,000 M&G HIT Income shares representing 18.79% of the issued capital of
HIT Income shares.

The holdings of M&G HIT Income Shares are as follows:




Fund                                  Number

Exeter Selective Assets IT         3,000,000

Dartmoor Investment Trust          4,350,000

Exeter Enhanced Inc Fund Ltd       2,750,000


J.P. McClelland

Secretary




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