RNS Number:8242H
Mithras Investment Trust PLC
21 February 2003

Mithras Investment Trust plc



In light of generally poor economic conditions and the continued deterioration
in trading prospects at Interdean, the Board has taken the decision to write
down the value of its investment to zero. This will adversely affect the
Company's net assets by #8.0m having previously provided #2.0m in the September
2002 NAV release. The net effect of this and other movements gives a reduction
in fully diluted NAV of 12.2p per share and undiluted NAV of 14.1p per share.

In line with normal practice, the Company will make a formal announcement on its
net asset value, at the time it announces its year end results in March 2003.


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