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, 2007:-

                                      Market           % of
                                       Value      Portfolio
                                       £'000
UK Listed Securities
British American Tobacco plc            512            7.23
Devro plc                               177            2.50
London & Assoc Properties plc           272            3.85
National Grid plc                       237            3.35
Treasury Stock 6.25% 2010               192            2.71

Securities dealt in under AIM
Avesco Group plc                        337            4.76
Image Scan Holdings plc                 195            2.76
SpaceandPeople plc                    2,295           32.44
Transense Technologies plc              182            2.58

Securities dealt in under PLUS Market
Wheelsure Holdings plc                  180            2.54
                                      -----           -----
                                      4,579           64.72
                                      =====           =====

The unaudited net asset value (NAV) of the group as at 5th October, 2007 was
579.4p (5th April, 2007 - 572.8p).



B J Hallett
Company Secretary
Welsh Industrial Investment Trust plc

Telephone:     020 7456 9600

9th October, 2007