RNS Number:2976R
Anglo & Overseas Trust PLC
24 October 2003


                           Anglo & Overseas Trust PLC

                     Listing Rules and Conduct of Business


The Board of Anglo & Overseas Trust PLC (the 'Company') notes the publication of
the Investment Entities (Listing Rules and Conduct of Business) Instrument 2003,
and announces that it is the Company's policy to invest no more than 15% of its
gross assets in other listed investment companies (including listed investment
trusts).


M Pope
Joint Company Secretary

END

24 October 2003


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