Discount

Martin Currie Portfolio Investment Trust plc
                                    Discount

Martin Currie Portfolio Investment Trust plc announces that, in the 12-week
period prior to the company's financial year-end of 31 January 2006, the average
discount of the company's share price to its NAV per share (as calculated on the
AITC basis) was 7.25%. This was below the level of 7.5% which would have
triggered a redemption event.