Board Changes

Murray VCT 4 PLC
22 March 2005





                                Murray VCT 4 plc


                                 Board Changes



Murray VCT 4 plc announces that Anthony Whitworth, having reached the age of 70,
is to stand down as chairman at the next annual general meeting on 7th
July 2005.

Fiona Wollocombe, who has been a board member since May 2004, has been appointed
chairman designate and it is intended that she will take over the post vacated
by Mr Whitworth at the Annual General Meeting.

It is also announced that Will Holt resigned from the Murray VCT 4 board on 21
March with immediate effect. Mr Holt has been a director since 2003 and the
board thank him very sincerely for his substantial contribution during that
time.

Since Anthony Whitworth is to remain on the board for the foreseeable future,
there are no plans to appoint a new director at the present time.



                                    - ENDS -



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