Premier High Income Trust PLC (the "Company")

In accordance with UKLA Listing Rule 21.20(l)(ii), the following list
represents the Company's 10 largest investments and where appropriate, any
investment with a value greater than 5% of the Company's gross assets as at 31
December 2003:

Name of company                                   Class of share             
                                                                             
Barclays                                          Ordinary                   
                                                                             
BP                                                Ordinary                   
                                                                             
Hanson Plc                                        Ordinary                   
                                                                             
Hilton Group                                      Ordinary                   
                                                                             
HSBC Holdings                                     Ordinary                   
                                                                             
National Grid Transco                             Ordinary                   
                                                                             
Novar                                             Ordinary                   
                                                                             
Pearson                                           Ordinary                   
                                                                             
Shell Transport and Trading                       Ordinary                   
                                                                             
Standard Chartered                                Ordinary                   
                                                                             
None of the above have a value greater than 5% of the Company's gross assets.

5 January 2004



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