Murray Income Trust PLC ("the Company")

Legal Entity Identifier (LEI):  549300IRNFGVQIQHUI13

30 October 2025

Update on Strategic Review Process

The Board of Murray Income Trust PLC (the "Company"), the FTSE 250 investment company with net assets of approximately £980m which has as its investment objective the provision of a high and growing income combined with capital growth through investment principally in UK equities, provides an update on its ongoing strategic review, which was announced on 3 July 2025 in the pursuit of delivering improved performance and returns for shareholders, whilst continuing to provide an attractive yield from a portfolio predominantly focused on UK equities.

The Board received a substantial number of high-quality proposals regarding the Company's future and its management arrangements from a range of candidates, including third party investment managers, other investment companies, and the incumbent investment manager.

Each proposal was carefully assessed against a broad range of criteria, and, following meetings with a shortlist of candidates, the Board has further narrowed the selection and is now in the final stages of evaluating the options for the Company.

The Board does not expect that the strategic review will complete prior to the upcoming Annual General Meeting on 4 November 2025, where no further updates will be provided. A final decision is, however, expected to be announced before the end of the year.

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