Interim Management Statement

Murray International Trust PLC
24 April 2008


Murray International Trust PLC

Interim Management Statement - 3 months to 31 March 2008


To the members of Murray International Trust PLC

This interim management statement has been produced solely to provide additional
information to shareholders as a body in accordance with the relevant
requirements of the UK Listing Authority's Disclosure and Transparency Rules. It
should not be relied upon by any other party or for any other purpose.


This interim management statement relates to the period from 31 December 2007 to
31 March 2008, and contains information that covers this period, and up to the
date of publication of this interim management statement, unless otherwise
specified.


Investment objective

The primary aim is to achieve a total return greater than its benchmark by
investing predominantly in equities worldwide. Within this objective, the
manager will seek to increase the Company's revenues in order to maintain an
above average dividend yield.


Benchmark

40% FTSE World UK and 60% FTSE World ex UK.


Material events


On 22 April 2008 the Company held its Annual General Meeting at which all
resolutions were passed.  The special business included resolutions to approve
the payment of the final dividend of 8.1p and associated capitalisation issue to
B Ordinary shareholder; to authorise the Directors to allot new shares for cash
and to dis-apply pre-emption rights, to allow the Company to buy back shares (up
to 14.99% of the issued share capital); and, to amend the Articles of
Association (to allow for electronic proxy voting) and Memorandum of
Association.


The Class Meetings of Ordinary shareholders and B Ordinary shareholders to
consent to the adoption of new Articles of Association were not quorate and both
meetings were adjourned to 11.00 a.m. and 11.05 a.m. respectively on 30 April
2008 at 40 Princes Street, Edinburgh, EH2 2BY.


On 14 February 2008 the Company paid a third interim dividend in respect of the
year ended 31 December 2007 of 4.3p.


0n 31 March 2008 the Company announced that the ratio in respect of the
capitalisation issue of B Ordinary shares in lieu of the proposed final dividend
would be 1.11788 new B Ordinary shares for every 100 held at the record date of
4 April 2008.


On 22 April 2008 the Directors declared a first interim dividend in respect of
the year ending 31 December 2008 of 4.8p per Ordinary share which will be
payable on 14 August 2008 to shareholders on the register on 11 July 2008
(provisional ex dividend 9 July 2008).  The Directors will announce the ratio
for the corresponding capitalisation issue to B Ordinary shareholders in due
course.


Twenty largest equity holdings at 31 March 2008


Company                                       % of NAV

Petrobras                                          4.9
Resolution                                         3.6
Tenaris                                            3.3
British American Tobacco *                         2.9
PTT Exploration and Production                     2.2
Souza Cruz                                         2.2
Wing Hang Bank                                     2.0
Aeropuertos del Sureste                            1.9
ENI                                                1.8
Taiwan Mobile                                      1.7
Swire Pacific                                      1.7
Total Fina                                         1.7
Zurich Financial Services                          1.6
Weir                                               1.6
Unilever Indonesia                                 1.6
E.ON                                               1.6
Parco                                              1.5
Intesbaci                                          1.5
Telecomunicacoes de Sao Paulo                      1.5
Commerzbank                                        1.5

TOTAL                                             42.3


Ten Largest Fixed Interest Holdings at 31 March 2008


Company                                            Country/Sector               % of NAV

UK Treasury 4% 07/09/2016                          United Kingdom                    1.2
UK Treasury 4.75% 07/09/2015                       United Kingdom                    1.2
UK Treasury 5% 07/03/2012                          United Kingdom                    1.2
UK Treasury 4% 07/03/2009                          United Kingdom                    1.2
UK Treasury 6.25% 25/11/2010                       United Kingdom                    1.2
UK Treasury 9% Conversion 12/07/2011               United Kingdom                    1.1
Pemex Project Funding Master 7.75% 29/09/2049      USA                               1.1
Mexico 10.5% 14/07/2011                            Mexico                            1.0
Indonesia Recapital Bond 13.15% 15/03/2010         Indonesia                         1.0
Hungary Government 6.5% 12/08/2008                 Hungary                           0.9

TOTAL                                                                               11.1


General description of Company's financial position and performance as at 31
March 2008

                                                     £m

Gross Assets                                         684.9
Debt                                                 (84.8)

Actual gearing                                       12%


Cumulative performance (%)
                                as at     1 month     3 months     6 months    1 year      3 years    5 years
                           31/03/2008

Share Price                     691.0        -0.4          5.1          4.3      11.1         70.8      183.1
NAV                             684.2        -1.8         -5.5          0.1       6.7         59.8      143.4
Composite Benchmark                          -1.4         -9.2         -8.9      -3.7         31.2       83.1


Discrete performance (%) year to:
                                           31/03/2008   31/03/2007   31/03/2006   31/03/2005   31/03/2004

Share Price                                      11.1          8.3         42.0         19.5         38.7
NAV                                               6.7          7.0         39.9         15.3         32.1
Composite Benchmark                              -3.7          5.1         29.5         10.6         26.1



Total Return; NAV-to-NAV, Net Income Reinvested, GBP

Source: Aberdeen Asset Management, Factset and Fundamental Data

NAV returns based on NAVs with debt valued at par


Other than as set out above, the Board is not aware of any significant events or
transactions which have occurred between 31 December 2007 and the date of
publication of this interim management statement which would have a material
impact on the financial position of the Company. For latest performance
information, please refer to the Company's website, www.murray-intl.co.uk.


Please note that past performance is not necessarily a guide to the future and
that the value of investments and the income from them may fall as well as rise.
  Investors may not get back the amount they originally invested.


For Murray International Trust PLC

Aberdeen Asset Management PLC, Secretary

24 April 2008


                      This information is provided by RNS
            The company news service from the London Stock Exchange