Director Shareholding

SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1)   Name of company
     MURRAY INTERNATIONAL TRUST PLC

2)   Name of director
     SIR RAYMOND JOHNSTONE

3)   Please state whether notification indicates that it is in respect of
     holding of the shareholder named in 2 above or in respect of a non-
     beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18 or in
     respect of a non-beneficial interest
     SPOUSE

4)   Name of the registered holder(s) and, if more than one holder, the
     number of shares held by each of them (if notified)

     BENFICIAL:                              ORDINARY
     CORP LLOYDS A/C SIR RAYMOND JOHNSTONE
     L/D 15957B                              20,384
     SIR RAYMOND JOHNSTONE                    5,867
     LADY SUSAN SARA JOHNSTONE                4,376
     NON BENEFICIAL:
     SIR RAYMOND JOHNSTONE                   18,191
                                             ------
                                             48,818
                                             ------

5)   Please state whether notification relates to a person(s) connected
     with the Director named in 2 above and identify the connected person(s)
     -

6)   Please state the nature of the transaction. For PEP transactions
     please indicate whether general/single co PEP and if discretionary/non
     discretionary
     PURCHASE BY LADY JOHNSTONE'S SAVINGS PLAN
     PURCHASE BY ISA - ORDINARY SHARES

7)   Number of shares/amount of stock acquired
     18 ORDINARY SHARES (LADY JOHNSTONE)
     5 ORDINARY SHARES (ISA)

8)   Percentage of issued class
     0.00003% - ORDINARY

9)   Number of shares/amount of stock disposed
     -
10)  Percentage of issued class
     -

11)  Class of security
     ORDINARY SHARES

12)  Price per share
     454.5P

13)  Date of transaction
     16 February 2005

14)  Date company informed
     1 March 2005

15)  Total holding following this notification
     NON BENEFICIAL 18,191, BENEFICIAL 30,627

16)  Total percentage holding of issued class following this notification
     NON BENEFICIAL 0.021%, BENEFICIAL 0.035%
     (BENEFICIAL HOLDING OF VOTING SHARES 0.035%)

If a director has been granted options by the company please complete the
following boxes

17)  Date of grant

18)  Period during which or date on which exercisable

19)  Total amount paid (if any) for grant of the option

20)  Description of shares or debentures involved: class, number

21)  Exercise price (if fixed at time of grant) or indication that price
     is to be fixed at time of exercise

22)  Total number of shares or debentures over which options held
     following this notification

23)  Any additional information

24)  Name of contact and telephone number for queries
     ANNETTE JOHNSTON 0131 313 6470

25)  Name and signature of authorised company official responsible for
     making this notification

     Date of Notification.
.    01 March 2005