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 April, 2008:-

                                  Market           % of
                                   Value      Portfolio
                                   £'000
UK Listed Securities
British American Tobacco plc         539           9.75
Devro plc                            160           2.89
London & Assoc Properties plc        208           3.77
National Grid plc                    224           4.04
Treasury Stock 6.25% 2010            196           3.54
United Utilities plc                 164           2.98

Securities dealt in under AIM
Avesco Group plc                     216           3.91
Image Scan Holdings plc              150           2.71
SpaceandPeople plc                 1,485          26.86

Securities dealt in under PLUS Market
Wheelsure Holdings plc               150           2.71
                                   -----          -----
                                   3,492          63.16
                                   =====          =====



B J Hallett
Company Secretary
Welsh Industrial Investment Trust plc

Telephone:     020 7456 9600

8th April, 2008