AE27 Westpac 33

RNS Number:9442M
Perpetual Japanese Inv Tst PLC
12 November 2001


Perpetual Japanese Investment Trust plc

Reconstruction of GT Japan Investment Trust plc

The proposals for the reconstruction of GT Japan Investment Trust plc ("GT
Japan") were approved by shareholders of that company at EGMs held on 29
October and 9 November 2001 and are now unconditional.

The Board of Perpetual Japan Investment Trust PLC ("PJIT") is pleased to
announce the issue of 33,506,029 new ordinary shares at 50.02p per share to GT
Japan shareholders who elected or were deemed to have elected for PJIT shares
under the GT Japan scheme.  The size of the Company has almost doubled as a
result and the issued share capital now stands at 70,063,029 ordinary shares.

Christopher Heath, chairman of PJIT, said:  "The Board of PJIT would like to
welcome its new shareholders and is grateful to existing investors for their
support.  We look forward to sharing with all shareholders the benefits that
we believe will follow from the increase in size of the Company as a result of
its participation in the reconstruction of GT Japan."


ENQUIRIES

Graeme Proudfoot  INVESCO Asset Management Limited                0207 626 3434
Angus Pottinger

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