INVESTEC HIGH INCOME TRUST PLC (the "Company")

Banking Arrangements

On 24 December 2003 the Company announced that it had negotiated a six month
arrangement with Bank of Scotland whereby up to �7 million of the Company's
holding of cash may be offset against the bank loan when determining the asset
cover under the bank facility. This facility has now been renewed until 31
December 2003.

Enquiries

David Liddell / Heather Williams 020 7597 2000

Investec Investment Management Limited



END