NZL New Zealand It

    TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:

New Zealand Investment Trust plc

2. Reason for the notification                                        State    
                                                                     Yes/No    
                                                                               
An acquisition or disposal of voting rights                            Yes     
                                                                               
An acquisition or disposal of financial instruments which may                  
result in the                                                                  
acquisition of shares already issued to which voting rights are                
attached                                                                       
                                                                               
An event changing the breakdown of voting rights                               
                                                                               
Other (please specify):                                                        

3. Full name of person(s) subject to the notification obligation    Citigroup  
:                                                                   Global    
                                                                    Markets UK  
                                                                    Equity    
                                                                    Limited   
                                                                               
4. Full name of shareholder(s) (if different from 3.):              N/A     
                                                                               
5. Date of the transaction (and date on which the threshold is      13 February 
crossed                                                               2008     
or reached if different):                                                  
                                                                               
6. Date on which issuer notified:                                   21 February 
                                                                      2008     
                                                                               
7. Threshold(s) that is/are crossed or reached:                        3%      
                                                                               
8. Notified details:                                                           

A: Voting rights attached to shares

 Class/type of       Situation       Resulting situation after the triggering  
     shares         previous to                 transaction               
  if possible     the Triggering                                               
 using the ISIN  transaction                                               
      CODE                                                                     
                                                                               
                 Number   Number    Number  Number of voting     % of voting   
                   of       of        of       rights            rights      
                 Shares   Voting    shares                                     
                          Rights                                               
                                                                         
                                                                               
                                    Direct   Direct  Indirect  Direct  Indirect
                                                                  
                                                                               
  GB0006348741      0        0     340,513  340,513     0        3%     0.00%  
                                                                               

B: Financial Instruments

Resulting situation after the triggering transaction

   Type of     Expiration       Exercise/        Number of voting       % of   
  financial    date            Conversion      rights that may be     voting  
 instrument                 Period/ Date         acquired if the      rights  
                                                    instrument                 
                                                   is exercised/               
                                                     converted                 
                                                                               
     N/A                                                                       

Total (A+B)                                                                    
                                                                               
Number of voting rights                 % of voting rights                     
                                                                               
340,513 shares                          3.54%                                  

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are
effectively held, if applicable:



Proxy Voting:


10. Name of the proxy holder:                                                  
                                                                               
11. Number of voting rights proxy holder will cease to hold:                   
                                                                               
12. Date on which proxy holder will cease to hold voting                       
rights:                                                                        

13. Additional information:                                                    
                                                                               
14. Contact name:                                                              
                                                                               
15. Contact telephone number:                                                  



END

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