Dividend Declaration

MURRAY INCOME TRUST PLC


The Board of Murray Income Trust PLC propose a final dividend of 4.75p per share
in respect of the year ending 30 June 2004 which will be paid on 29 October 2004
to holders of Ordinary Shares on the register on 1 October 2004, making total
dividends for the year ended 30 June 2004 of 18.25p.  This represents an
increase of 2.8% on the total dividends paid in the previous year.  A resolution
in respect of the final dividend will be proposed at the Annual General Meeting.