Interim Management Statement

Murray Income Trust PLC 19 October 2007 Murray Income Trust PLC Interim Management Statement - 3 months to 30 September 2007 To the members of Murray Income Trust PLC This interim management statement has been produced solely to provide additional information to shareholders as a body to meet the relevant requirements of the UK Listing Authority's Disclosure and Transparency Rules. It should not be relied upon by any other party or for any other purpose. This interim management statement relates to the period from 1 July 2007 to 30 September 2007, and contains information that covers this period, and up to the date of publication of this interim management statement, unless otherwise specified. Investment objective To achieve a high and growing income combined with capital growth through investment in a portfolio of UK equities. Benchmark FTSE All-Share Index, formerly FTSE 350 Higher Yield Index to 30 June 2004 Material events On 28 September 2007, the Company posted its annual report and accounts to 30 June 2007, and Notice of Annual General Meeting, to shareholders. The Company's Annual General Meeting will be held at the Glasgow Royal Concert Hall, 2 Sauchiehall Street, Glasgow G2 3NY at 12.30 pm on 30 October 2007. Material transactions from 1 July to 18 October 2007 At the close of business on 18 October 2007, the Company had portfolio protection in the form of two discrete put options. The first, taken out on 27 July, protects approximately 9.1% of the portfolio at a strike level of 5925 for the FTSE 100 Index until 21 December 2007, while the second, taken out on 12 October, protects approximately 9.5% of the portfolio at a strike level of 6350, also for the FTSE 100 Index, until 18 April 2008. At 18 October 2007, the value of the first and second option represented 0.08% and 0.33% respectively of the Company's Gross Assets. Twenty largest equity holdings at 30 September 2007 % of net assets Royal Dutch Shell 'B' 5.6 BP 5.1 HSBC 4.7 Royal Bank of Scotland 3.5 Barclays 3.2 GlaxoSmithKline 3.2 Lloyds TSB 2.8 British American Tobacco 2.8 Centrica 2.7 Aviva 2.6 Vodafone 2.5 BT 2.5 National Grid 2.4 AstraZeneca 2.4 Rio Tinto 2.4 Anglo American 2.4 AMEC 2.0 Friends Provident 1.8 EMAP 1.8 Segro 1.8 Total 58.2 Total number of investments 53.0 Sector allocation as at 30 September 2007 % Financials 28.6 Consumer Goods 15.8 Consumer Services 12.3 Oil & Gas 11.9 Industrials 8.1 Telecommunications 6.9 Healthcare 5.6 Utilities 5.5 Basic Materials 4.8 Cash 0.5 Total 100.0 General description of Company's financial position and performance as at 30 September 2007 £m Gross Assets 525.3 Short term borrowings 35.0 Actual gearing 7.0% Cumulative performance (%)* as at 1 month 3 months 6 months 1 year 3 years 5 years 30/09/2007 Share Price 697.0 -0.4 1.4 -0.8 9.1 72.4 133.0 NAV 752.8 0.8 -3.1 0.5 9.4 63.7 121.5 FTSE All-Share 1.9 -1.8 2.7 12.2 60.6 117.0 FTSE 350 Higher Yield 0.9 -3.4 2.3 8.3 51.3 110.1 Discrete performance (%)* 30/09/2007 30/09/2006 30/09/2005 30/09/2004 30/09/2003 Share Price 9.1 17.4 34.6 12.8 19.8 NAV 9.4 17.4 27.5 21.3 11.6 FTSE All-Share 12.2 14.7 24.9 15.7 16.7 FTSE 350 Higher Yield 8.3 12.2 24.6 20.5 15.2 Total Return; NAV to NAV net income reinvested. GBP. Share price total return is on a mid-to-mid basis. Dividend calculations are to reinvest as at the ex-dividend date. Source: Aberdeen Asset Managers Limited, Factset, Financial Times and Fundamental Data Other than as set out above, the Board is not aware of any significant events or transactions which have occurred between 30 September 2007 and the date of publication of this interim management statement which would have a material impact on the financial position of the Company. For latest performance information, please refer to the Company's website, www.murray-income.co.uk. Please note that past performance is not necessarily a guide to the future and that the value of investments and the income from them may fall as well as rise. Investors may not get back the amount they originally invested. For Murray Income Trust PLC Aberdeen Asset Management PLC, Secretary 19 October 2007 This information is provided by RNS The company news service from the London Stock Exchange
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