Disclosure requirement re: UKLA Listing Rule 21.20l(ii)

Tea Plantations Investment Trust plc (the "Company")

In accordance with UKLA Listing Rule 21.20l(ii), the following list represents
the Company's 10 largest investments as at 31 December 2003 and where
appropriate, any investment with a value greater than 5% of the Company's gross
assets:

Name of company                        Class of Share                        
                                                                             
Aitken Spence Plantation Management    Ordinary                              
                                                                             
Ceyexxe Plantations                    Ordinary                              
                                                                             
Ceylon Tea Services                    Ordinary                              
                                                                             
Forbes Plantations Management Services Ordinary                              
                                                                             
James Finlay & Co (Colombo)            Ordinary                              
                                                                             
Keells (John) Holdings                 Ordinary                              
                                                                             
Keells (John) Holdings Over            Ordinary                              
subscription                                                                 
                                                                             
Linton Park                            Ordinary                              
                                                                             
Metropolitan Resource Holdings         Ordinary                              
                                                                             
UK Treasury 5% 07/06/04                Government Bond                       

All of the above holdings have a market value of greater than 5% of the
Company's gross assets.



END