Repayment of Bank Debt

Martin Currie High Income Trust PLC
12 September 2001

To:     Stock Exchange          For immediate release

                    12 September 2001


                     MARTIN CURRIE HIGH INCOME TRUST plc

                            Repayment of Bank Debt

In light of adverse market conditions, the Company has today repaid £10
million of its existing indebtedness to Bank of Scotland, which leaves the
Company with outstanding indebtedness of £26.4 million.  This repayment has
incurred no breakage costs.

                                   - ends -

For further information, please contact:

Mike Woodward
Martin Currie Investment Management Ltd       0131 229 5252
[e-mail]