RNS Number:9720S
Credit Lyonnais (Investments) Ltd
08 December 2003

                                                                      FORM SAR 5





Lodge with a RIS or Newstrack if appropriate and the Takeover Panel.
A copy must also be sent to the company the shares of which are being sold.



Date of disclosure


8th December 2003



DISCLOSURE UNDER NOTE 3 OF RULE 5 OF THE RULES GOVERNING SUBSTANTIAL
ACQUISITIONS OF SHARES ("SARs")



Date of sale


5th December 2003



Sale of


Murray Emerging Growth & Income Trust Plc  (SEDOL 3019423)



1. Class of voting shares


Ordinary



Number of shares/rights over shares sold


1,000,000                              Shares                  Rights



If rights over shares sold, as opposed to the shares themselves, specify nature
of rights






2. Resultant total holding of voting shares (and % of total voting shares in
issue)


8,822,482                                                22.45%



Resultant total holding of rights over shares (and % of total voting shares in
issue)


                                                         %



Total percentage


22.45%




3. Party making disclosure


Credit Lyonnais (Investment) Limited



4. (a) Name of person selling shares or rights over shares


Credit Lyonnais Securities



and, if different, beneficial owner






(b) Names of any other persons acting by agreement or understanding






Signed, for and on behalf of the party named in (3) above










(Also print name of signatory)


Caroline Scott



Telephone and extension number


020-7214-5250



For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs.  If in doubt, contact the Panel on Takeovers and Mergers, Monitoring
Section, Tel. No: 020 7638 0129. E-mail: monitoring@disclosure.org.uk


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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