Premier High Inc.Tst - Net Asset Value

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RNS No 4828q
PREMIER HIGH INCOME TRUST PLC
15 July 1999


On 7th June 1999, following the issue of 19,455,570 Ordinary shares of 10p
each and 15,402,326 Zero Dividend Preference shares of 10p each, a total of
#33.6 million (after issue expenses) was raised. The Company announces the Net
Asset Value  per share as at 9th July 1999 as follows:

          per Ordinary Share                     :93.99p
          per Zero Dividend Preference share     :100.68p


END

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