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LMI Int'l Utilities (LIU)

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Thursday 24 October, 2002

LMI Int'l Utilities

Partial repayment of bank loan

LeggMason Investors International Utilities Trust plc

Partial Repayment of Bank Loan

In consideration of the Company's short remaining life (31 December 2003) and
the continuing volatility within the global utility sector, the Directors have
considered it prudent to reduce bank indebtedness. Accordingly the Company has
repaid $41.8 million (£29.7 million) of its loan facility with Halifax Bank of
Scotland. Breakage costs of £8,935 have been incurred.

Following this repayment, the Company has total assets (based on mid-market
valuations as at 22 October 2002) of £145.5 million and borrowings of $37.7
million (£24.4 million).


Andrew Whalley                          020 7070 7450                          
LeggMason Investors