Purchase of Own Security

AMENDED ANNOUNCEMENT: DATE INCORRECT (16 MAY 2004) SHOULD HAVE BEEN 17 MAY 2004.
CORRECTED VERSION OF ANNOUNCEMENT SHOWN BELOW:


MURRAY INCOME TRUST PLC - SHARE BUY-BACK


On 17 May 2004 Murray Income Trust PLC purchased for cancellation 29,160 of its
own ordinary shares at 419.8861p per share.

Following the transaction the Company's issued ordinary share capital is
69,705,458 ordinary shares of 25p each.