Premier High Income Trust PLC

The Company was informed today by Aberdeen Asset Managers Limited that they
sold 553,798 Ordinary shares on 29 October 2002, on behalf of discretionary
funds under management.

The total number of shares managed by Aberdeen Asset Managers Limited and its
associated companies is 2,100,000 Ordinary shares, representing 10.79% of the
issued class of capital.

The breakdown of the total holding is as follows:

Aberdeen Equity Income Fund                 0         0.00%
                                                           
Jove Investment Trust Plc           2,100,000        10.79%

30 October 2002



END
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