Director Shareholding

SCHEDULE 11
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

All relevant boxes should be completed in block capital letters.

1. Name of company                            2. Name of director

Martin Currie Portfolio Investment Trust      Douglas Kinloch Anderson
plc

3. Please state whether notification          4. Name of the registered
   indicates that it is in respect of holding    holder(s) and, if more than
   of the shareholder named in 2 above or in     one holder, the number of
   respect of a non-beneficial interest or in    shares held by each of them
   the case of an individual holder if it is a   (if notified)
   holding of that person's spouse or children
   under the age of 18 or in respect of an non-
   beneficial interest
   1.   Director only                            1.   Douglas Kinloch Anderson
   2.   Directors spouse                         2.   Deirdre Kinloch Anderson

5. Please state whether notification          6. Please state the nature of
relates to a person(s) connected with the     the transaction. For PEP
director named in 2 above and identify the    transactions please indicate
connected person(s)                           whether general/single co PEP
   1.   As in 4. above                        and if discretionary/non
   2.   As in 4. above                        discretionary /non
                                              discretionary

                                              Non- discretionary sale to
                                              cover PEP charges

7. Number of       8. Percentage of   9. Number of        10. Percentage of
shares/amount of   issued class       shares/amount of    issued class
stock acquired                        stock disposed

N/A                N/A                1. 21.956           0.000006%
                                      2  21.956

11. Class of       12. Price per      13. Date of         14. Date company
security           share              transaction         informed

Ordinary 5p        £0.80              31 March 2004       01 April 2004
shares

15. Total holding following           16. Total percentage holding of
this notification                     issued class following this
                                      notification

219,044.444                           0.073%

If a director  has been granted options by the company please complete the
following boxes.

17. Date of grant                     18. Period during which or date on
                                      which exercisable


19. Total amount paid (if any)        20. Description of shares or
for grant of the option               debentures involved: class, number


21. Exercise price (if fixed at       22. Total number of shares or
time of grant) or indication          debentures over which options held
that price is to be fixed at          following this notification
time of exercise

23. Any additional information        24. Name of contact and telephone
                                      number for queries

                                      Jennifer Carlyle  0131 479 5895

25. Name and signature of authorised company official responsible for making
this notification

Martin Currie Investment Management Limited

Date of notification 02 April 2004