Miscellaneous Quarterly Portfolio Disclosure

MURRAY INTERNATIONAL TRUST PLC In accordance with UKLA Listing Rule 21.20(l)(ii) as at 31 March 2004, the Company has no investments with a value greater than 5% of the Company's gross assets. A list of the 10 largest investments as at 31 March 2004 is detailed below: Security % Gross Assets Atrium Underwriting 4.41 June 2004 S&P Index Future 3.34 BP 2.49 GlaxoSmithKline 2.09 Shell Transfport & Trading 1.99 Vodafone Group 1.80 Royal Bank of Scotland Group 1.59 Petrol Brasileiros ADR 1.40 AstraZeneca 1.38 British American Tobacco 0.98 Aberdeen Asset Management Secretary to Murray International Trust PLC
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