Brunner Investment - Interim Management Statement

RNS Number:5191S
Brunner Investment Trust PLC
16 April 2008

The Brunner Investment Trust PLC

Interim Management Statement

For the quarter ended 29 February 2008

This interim management statement relates to the quarter from 1 December 2007 to
29 February 2008 and contains information for that period unless otherwise
stated. This statement is produced to provide information in accordance with the
UK Listing Authority's Disclosure and Transparency Rules.

Investment objective and benchmark

The Trust aims to provide growth in capital value and dividends over the long
term through investing in a portfolio of UK and international securities.

The current benchmark, since 25 March 2008, is: 50% FTSE All-Share and 50% FTSE
World Index (ex UK, sterling).

Portfolio

Top ten holdings at 29 February 2008 and percentage of total gross assets:

£ %
5% Treasury Stock 2008 19,987,500 6.62
BP 9,813,910 3.25
Vodafone Group 9,679,495 3.21
Royal Dutch Shell 'B' Shares 9,469,671 3.14
HSBC 8,749,895 2.90
GlaxoSmithKline 7,794,909 2.58
Rio Tinto 6,527,898 2.16
BG Group 5,793,024 1.92
Xstrata 5,431,326 1.80
Anglo American 5,422,973 1.80

Total gross assets £301,947,249

Material events and transactions

During the period 110,000 Ordinary Shares were purchased for cancellation at a
total cost of £517,737.

Financial Performance to 29 February 2008

% change
3m 6m 1yr 3yrs 5yrs
Share price -5.12 -1.51 1.38 47.24 93.52
Net Asset Value -9.23 -3.98 1.99 34.49 75.40
Benchmark* -7.32 -6.21 -4.01 22.45 67.24

* As at 29 February 2008: 60% FTSE All-Share and 40% FTSE World Index (ex UK,
sterling) total return.

Source: Datastream

Financial position at 29 February and 16 April 2008

29 February 16 April
Total gross assets £301,947,249 £302,358,031
Net assets £248,818,713 £248,663,977
Share price 440.20p 441.00p
Net asset value1 514.60p 520.15p
Discount2 14.46% 15.22%
Gearing 106.10% 106.60%

1Capital Net asset values are calculated and announced daily.

2 The discount is the difference between the share price and the NAV per share
expressed as a percentage of the NAV per share.

Company Information

Launch date 1927
EPIC BUT
Year end 30 November
Report and Accounts Final posted February, half-yearly posted July
AGM March
Price Information Financial Times, The Daily Telegraph, www.allianzgi.co.uk

Investor information

Further up to date information, including Net Asset Values and share prices, and
the latest available factsheets and portfolio information, is provided on the
Manager's website, which can be accessed via www.brunner.co.uk or
www.allianzgi.co.uk . Investor Services can be contacted on 020 7065 1407 and
information can also be obtained from the Manager's helpline on 0800 317 573.

16 April 2008

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

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