RNS Number:6915W
Danae Investment Trust PLC
4 January 2001


Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
DANAE INVESTMENT TRUST PLC

2   Name of shareholder having a major interest:
Aberdeen High Income Trust PLC

3   Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18:


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


5   Number of shares/amount of stock acquired:
1,540,895

6   Percentage of issued class:
3.62%

7   Number of shares/amount of stock disposed:


8   Percentage of issued class:


9   Class of security:
Income 25p Shares

10  Date of transaction:


11  Date company informed:
3 January 2001

12  Total holding following this notification:
1,540,895

13  Total percentage holding of issued class following this notification:
3.62%

14  Contact name for queries:
Ruth Humphrey

15 Contact telephone number:
020 7463 6305

16  Name of company official responsible for making notification:
Aberdeen Asset Management PLC - Secretaries

17  Date of notification:
4 January 2001




Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
DANAE INVESTMENT TRUST PLC

2   Name of shareholder having a major interest:
Aberdeen Preferred Income Trust PLC

3   Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18:


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


5   Number of shares/amount of stock acquired:
8,731,737

6   Percentage of issued class:
20.50%

7   Number of shares/amount of stock disposed:


8   Percentage of issued class:


9   Class of security:
Income 25p Shares

10  Date of transaction:


11  Date company informed:
3 January 2001

12  Total holding following this notification:
8,731,737

13  Total percentage holding of issued class following this notification:
20.50%

14  Contact name for queries:
Ruth Humphrey

15 Contact telephone number:
020 7463 6305

16  Name of company official responsible for making notification:
Aberdeen Asset Management PLC - Secretaries

17  Date of notification:
4 January 2001





Additional Information:
Following the above transactions, Aberdeen Asset Managers Limited and its
associated companies is now interested in 10,272,632 Income 25p Shares;
representing 24.11% of the issued class.



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