Corporate Action

Murray Income Trust PLC
29 September 2000

CAPITALISATION ISSUE UPDATE
SECURITY TITLE
*'B' Ord Shs
MNEMONIC CODE        *MUTB
SEDOL CODE           *611-134
TERMS                *Shareholders will receive 2.77025 'B' Shares for every
                      hundred held.
DEALINGS COMMENCE NEW SHARES *30-10-00
PROVISIONAL EX DATE  *02-10-00
RECORD DATE          *06-10-00
NOTES *Confirmation of Dealing Commence New Shares Date.