THE NEW ZEALAND INVESTMENT TRUST PLC

The diluted net asset value per ordinary 25p share of the Company at 12
December 2007 was 462.15 pence sterling (NZ: 1,197.94 cents).

The current period revenue to 31 October 2007 was 7.43 pence per share (NZ:
19.26cents). This is not included in the above net asset value.

The exchange rate at which this was calculated was �=NZ$2.5921

The above net asset values have been calculated in accordance with the treasury
share methodology recommended by the Association of Investment Companies.

The Company has applied revised UK GAAP to its results for the first time for
the financial year ending 31 October 2006. In keeping with AIC guidance, we
began calculating the net asset value from 1 January 2006 at the last traded
prices of the securities held in the portfolio, consistent with revised UK
GAAP.


END

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