Purchase of Own Securities

MURRAY INCOME TRUST PLC
22 October 1999


MURRAY INCOME TRUST PLC - SHARE BUY-BACK
----------------------------------------

On 22 October 1999 Murray Income Trust PLC purchased for cancellation 100,000
of its own ordinary shares at 440p per share.

Following the transaction the company's issued ordinary share capital is
85,023,862 ordinary shares of 25p each.