Repayment of Bank Debt

Martin Currie High Income Trust PLC
25 September 2001



To:     Stock Exchange                               For immediate release
                                                     25 September 2001


                     MARTIN CURRIE HIGH INCOME TRUST plc
                            Repayment of Bank Debt


In light of adverse market conditions, the Company has today repaid £11
million of its existing indebtedness to Bank of Scotland, which leaves the
Company with outstanding indebtedness of £15.4 million.  This repayment has
incurred breakage costs of approximately £615,000.


                                   - ends -


For further information, please contact:


Mike Woodward
Martin Currie Investment Management Ltd     0131 229 5252
[e-mail]