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Murray Intnl.Tst. (MYI)

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Tuesday 09 January, 2001

Murray Intnl.Tst.

Re Requisition

Murray International Trust PLC
9 January 2001

Murray International Trust PLC

The Board has considered the resolution requisitioned on behalf of ST Partners
LP to be put to the Company's Annual General Meeting likely to be held in May
this year. As announced on 14 December 2000, this would require the Board to
introduce a tender under which it would offer to repurchase 70% of the
Company's share capital at a price equivalent to 98% of net asset value.

The Board believes this resolution is not in the best interests of the Company
and through its advisers, has been consulting major investors. As a result,
the Board believes that this resolution will not command widespread support
amongst shareholders.

9 January 2001