Director Shareholding

Murray International Trust PLC
09 February 2004



                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company

MURRAY INTERNATIONAL TRUST PLC

2) Name of director

SIR RAYMOND JOHNSTONE

3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18 or in respect of a
non-beneficial interest

SPOUSE

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them (if notified)

                                          ORDINARY      B ORDINARY

CORP LLOYDS A/C SIR RAYMOND JOHNSTONE
 LIF DEP                                         -           9,246
CORP LLOYDS A/C SIR RAYMOND JOHNSTONE
 L/D 15957B                                 10,000             754
SIR RAYMOND JOHNSTONE (BENEFICIAL)           5,000               -
LADY SUSAN SARA JOHNSTONE (BENEFICIAL)       4,273               -
SIR RAYMOND JOHNSTONE (NON BENEFICIAL)      18,191               -
                                            ------          ------
                                            37,464          10,000
                                            ------          ------

5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)

-

6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary

PURCHASE

7) Number of shares/amount of
stock acquired

10,000 ORDINARY SHARES

8) Percentage of issued class

0.01%

9) Number of shares/amount
of stock disposed
-

10) Percentage of issued class

-
11) Class of security

ORDINARY SHARES

12) Price per share

390p XD

13) Date of transaction

9 FEBRUARY 2004

14) Date company informed

9 FEBRUARY 2004

15) Total holding following this notification

NON BENEFICIAL 18,191, BENEFICIAL 19,273, B ORDINARY 10,000

16) Total percentage holding of issued class following this notification

NON BENEFICIAL 0.0211%, BENEFICIAL 0.0223%, B ORDINARY 0.87%

(BENEFICIAL HOLDING OF VOTING SHARES 0.033%)

If a director has been granted options by the company please complete the
following boxes

17) Date of grant

18) Period during which or date on which exercisable

19) Total amount paid (if any) for grant of the option

20) Description of shares or debentures involved: class, number

21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise

22) Total number of shares or debentures over which options held
following this notification

23) Any additional information

24) Name of contact and telephone number for queries

PAT BARNES 0141 306 7552

25) Name and signature of authorised company official responsible for
making this notification

9 FEBRUARY 2004
Date of Notification..................................




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