RNS Number:3528L
Jupiter Asset Management Limited
20 May 2003


The following replaces the SAR - Premium Trust PLC announcement released on 
20 May 2003 at 16.29 under RNS 3424L. Under section 1, the class of voting 
shares should read Capital not Ordinary as previously stated. Under section 2, 
the resultant total holding of voting shares should read 6,194,640 (15.64%) not 
2,772,320 (14.00%) as previously stated. 

All other details remain unchanged.

The full amended text is shown below.




                                                                   FORM SAR 5


                                       Date of disclosure...... 20TH MAY 2003

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

                 
Date of sale....... 19TH MAY 2003

Sale of............ PREMIUM TRUST PLC .........(name of company)


(1) Class of voting shares    Number of shares/rights   If rights over shares
    (eg ordinary shares)      over shares sold          sold, as opposed
                                                        to the shares
                                                        themselves, specify
                                                        nature of rights

    CAPITAL .............     .. 1,000,000...shares    .....................
                              ..N/A..........rights


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

     6,194,640 ...(15.64 %)   ...............(    %)    .............(15.64%)


(3) Party making disclosure....... JUPITER ASSET MANAGEMENT LIMITED  

(4)  (a)  Name of person selling shares or rights over shares ..............
          and, if different, beneficial owner............................... 

     (b)  Names of any other persons acting by
          agreement or understanding (see SAR 5)............................


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

(Also print name of signatory)...... THOMAS ELLIOTT

Telephone and extension number...... 0207 314 4785


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, 
Tel. No: 020 7382 9026.



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