PREMIER HIGH INCOME TRUST PLC

The Company announces that a third interim dividend in respect of the year 1
July 2002 to 30 June 2003 of 1.5p net per Ordinary share shall be payable on 31
May 2003 to the holders of Ordinary shares on the register as at 16 May 2003.

Together with the first and second interim dividends of 1.8p each already paid
this provides a total of 5.1p per Ordinary share.  As stated in the Interim
Report it remains the Board's intention to substantially distribute all income
after expenses.

1 May 2003.



END