Change of Adviser

Murray VCT 4 PLC
11 November 2003



Murray VCT 4 PLC

CHANGE OF ADVISER

11 November 2003

The Directors of Murray VCT 4 PLC are pleased to announce the appointment of
Close Brothers Securities as corporate broker to the Company, with effect from 4
November 2003.



Enquiries:

John Simpson, Aberdeen Murray Johnstone Private Equity

Tel: [phone]

David Benda, Close Brothers Securities

Tel: [phone]



Note: Close Brothers Securities is a division of Winterflood Securities Limited




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