Directorate change

Martin Currie Portfolio Investment Trust plc
Stock Exchange Announcement - 20 January 2003

Headline - Appointment of a new non-executive director

The board of Martin Currie Portfolio Investment Trust plc is pleased  to
announce the appointment of Gillian Nott as a non-executive director  of
the  company,  with effect from 20 January 2003. Mrs Nott has  extensive
experience  of the investment industry and currently holds directorships
of  the  Financial  Services Authority and Foreign and Colonial  Pacific
Investment  Trust. She is also Chairman of Baronsmead  VCT  plc  and  of
Sitka  Health  Fund  VCT plc. Mrs Nott was previously (1994-1999)  Chief
Executive of ProShare, the organisation which promotes individual  share
ownership.

There are no details on Mrs Nott which require to be disclosed in
relation to paragraphs 6.F.2(b) to (g) of the listing rules.