RNS Number:4567O
Danae Investment Trust PLC
10 December 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:
State Street Nominees Ltd for XCC8

5   Number of shares/amount of stock acquired:


6   Percentage of issued class:


7   Number of shares/amount of stock disposed:
3,821,775

8   Percentage of issued class:
8.97%

9   Class of security:
Income 25p shares

10  Date of transaction:
7 December 2001

11  Date company informed:
10 December 2001

12  Total holding following this notification:
4,259,962

13  Total percentage holding of issued class following this notification:
10.00%

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:
10 December 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:
Real Estate Opportunities Limited

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:
HSBC Bank International Limited 17091101

5   Number of shares/amount of stock acquired:
3,821,775

6   Percentage of issued class:
8.97%

7   Number of shares/amount of stock disposed:


8   Percentage of issued class:


9   Class of security:
Income 25p shares

10  Date of transaction:
7 December 2001

11  Date company informed:
10 December 2001

12  Total holding following this notification:
7,297,826

13  Total percentage holding of issued class following this notification:
17.13%

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:
10 December 2001


Additional Information:
Following the above transactions, Aberdeen Asset Managers Limited and its
associated companies remain interested in 12,448,683 Income 25p shares,
representing 29.22% of the issued share capital.
   



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