Monks Investment : Director/PDMR Shareholding

1.

Name of the issuer

THE MONKS INVESTMENT TRUST PLC

2.

State whether the notification relates to (i) a

transaction notified in accordance with DTR 3.1.2 R,

(ii) a disclosure made in accordance LR 9.8.6R(1) or

(iii) a disclosure made in accordance with section 793 of the Companies Act (2006).

THE NOTIFICATION RELATES TO A TRANSACTION NOTIFIED IN ACCORDANCE WITH DTR 3.1.2 R

3.

Name of person discharging managerial

responsibilities/director

MR KARL STERNBERG

4.

State whether notification relates to a person

connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

CONNECTED PERSON - TOWERS WATSON

5.

Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a nonbeneficial

interest 1

NON-BENEFICIAL INTEREST. IN RESPECT OF THE PERSON REFERRED TO IN 4.

6.

Description of shares (including class), debentures or derivatives or financial instruments relating to shares

ORDINARY 5P SHARES

7.

Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

NOT NOTIFIED

8.

State the nature of the transaction

REMOVAL OF A NON-BENEFICIAL HOLDING AS A RESULT OF MR KARL STERNBERG  NO LONGER  BEING CONNECTED WITH TOWERS WATSON

9.

Number of shares, debentures or financial

instruments relating to shares acquired

N/A

10.

Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

N/A

11.

Number of shares, debentures or financial

instruments relating to shares disposed

NOTIONAL DISPOSAL OF NON-BENEFICIAL INTEREST IN 3,213,200 SHARES

12.

Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

1.4273%

13.

Price per share or value of transaction

N/A

14.

Date and place of transaction

22 SEPTEMBER 2014

15.

Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

BENEFICAL INTEREST =

8,733 ORDINARY SHARES (0.004%)

16.

Date issuer informed of transaction

22 SEPTEMBER 2014

17.

Date of grant

18.

Period during which or date on which exercisable

19.

Total amount paid (if any) for grant of the option

20.

Description of shares or debentures involved (class and number)

21.

Exercise price (if fixed at time of grant) or

indication that price is to be fixed at the time of exercise

22.

Total number of shares or debentures over which options held following notification

23.

Any additional information

THERE IS NO PLACE OF TRANSACTION AS THIS WAS A NOTIONAL DISPOSAL FOLLOWING THE REMOVAL OF A CONNECTED PARTY

24.

Name of contact and telephone number for queries

HAZEL MACKENZIE,

BAILLIE GIFFORD & CO,

0131 275 3190

Name of authorised official of issuer responsible for making notification

Baillie Gifford & Co

Date of notification _22 September 2014________________________________________

(1)

An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.

(2)

An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.

(3)

An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.

(4)

An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.