Welsh Industrial Investment Trust plc

36 Elder Street, London E1 6BT


Listing Rule 21.20(l)(ii)

In  accordance with 21.20(l)(ii) of the Listing Rules we detail below a list  of
the 10 largest investments (which include all those with a value greater than 5%
of the portfolio) as at 5th October, 2008:-

                               Market            % of
                                Value       Portfolio
                                �'000            
UK Listed Securities                        
Anglo Pacific Group               142            3.23
British American Tobacco plc      579           13.11
Devro plc                         162            3.68
London & Assoc Properties plc     146            3.30
National Grid plc                 223            5.03
Treasury Stock 6.25% 2010         194            4.39
United Utilities Group            123            2.78
                                            
Securities dealt in under AIM                        
OMG plc                           100            2.26
SpaceandPeople plc                999           22.60
                                            
Securities dealt in under PLUS Markets             
Wheelsure Holdings plc            140            3.17

                                -----           -----                 
                                2,808           63.55
                                =====           =====

The unaudited net asset value (NAV) of the group as at 5th July, 2008 was 372.2p
(5th April, 2008 - 461.8p).


B J Hallett
Company Secretary
Welsh Industrial Investment Trust plc

Telephone:     020 7456 9600

7th October, 2008






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