Transaction in Own Shares

Murray VCT 4 PLC
27 February 2004

MURRAY VCT 4 PLC - SHARE BUY-BACK

On 27 February 2004 Murray VCT 4 PLC purchased for cancellation 9,000 of its own
Ordinary shares at 53p per share.

Following the transaction the Company's issued share capital is 38,496,295
Ordinary shares of 10p each.


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