RNS Number:1428Z
Investment Trust of Inv Tst PLC
25 July 2002

The board has today reviewed the Company's ability to pay the special interim
dividend of 0.128p per Ordinary share declared on 8th July 2002, which was due
for payment on 31st July 2002 (ex dividend 17th July 2002). The dividend was to
be paid in order for the Company to comply with the retention test under section
842 of the Income and Corporation Taxes Act 1988 and thereby maintain its
investment trusts status for the year to 30th April 2002



The board announces that the Company's assets as at 24th July 2002 were
£28,027,609 representing 1.23 times the aggregate of its liabilities, which is
less than the 1.5 times required by section 165 of the Companies Act 1985 to pay
a dividend. Accordingly, the Company is unable to pay the special interim
dividend of 0.128p per share. However, the Company understands that it is not in
breach of section 842 of the Income and Corporation Taxes Act 1988 and expects
to maintain its investment trust status.








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