RNS Number:9442U
M&G High Income Inv Tst PLC
03 February 2004

3 February 2004



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 250,000 M&G HIT Income shares
on 2 February 2004, Exeter Asset Management Limited was interested in 9,550,000
M&G HIT Income shares representing 17.77% 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         2,700,000

Dartmoor Investment Trust          4,350,000

Exeter Enhanced Inc Fund Ltd       2,500,000




J.P. McClelland

Secretary




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