Investment in investment companies disclosure

Martin Currie Portfolio Investment Trust plc
                    Stock Exchange Announcement -2 March 2005


In  accordance  with  the Listing Rules, which require,  inter  alia,  UK-listed
investment  companies to notify to a Regulatory Information Service, within  two
business  days  of the end of each calendar month, a list of all investments  in
other investment companies that do not have a stated investment policy to invest
no  more  than 15% of their gross assets in other UK-listed investment companies
as  at  the  last business day of that month, Martin Currie Portfolio Investment
Trust  plc announces that, as at 28 February 2005, its investments in such other
investment companies were:

                                 % of gross
                                   assets
Martin Currie Capital Return        12.1
Trust



For further information, please contact:

Michael Woodward
Martin Currie Investment Management Ltd                0131 229 5252