PUKI Premier UK.Inc

    FOR IMMEDIATE RELEASE

Premier UK Dual Return Trust plc ("the Company")

23 November 2007

Further re Proposals for the voluntary winding-up and reconstruction of the
Company

Result of Class Meeting and First General Meeting

At the Class Meeting of ZDP Shareholders and the First General Meeting of the
Company held today, all of the resolutions were passed. Accordingly, the ZDP
Shares have been reclassified as Reclassified Shares.

Based on the Forms of Election received by 3.00 pm yesterday, 3,396,458 ZDP
Shares will be reclassified as Reclassified Shares with A rights and will
therefore receive Premier Absolute Growth Fund Shares and 13,433,542 ZDP Shares
will be reclassified as Reclassified Shares with B rights and will receive
cash.

The Calculation Date when respective entitlements will be calculated is 5.00 pm
on 29 November and the Second General Meeting (or if the Scheme does not become
unconditional then, the Third General Meeting) will take place on 30 November.
A further announcement will be made following these meetings.

If the Scheme becomes unconditional, contract notes for Premier Absolute Growth
Fund Shares and cheques will be despatched on 3 December 2007 and in the week
commencing 3 December 2007 respectively.

Terms used in this announcement shall have the same meaning as in the Circular
dated 31 October 2007.

Enquiries

Premier Fund Managers

Nigel Sidebottom

+44 (0)1483 400465

Landsbanki Securities (UK) Limited

Paul Fincham/Jonathan Becher

+44 (0)20 7426 9000

Landsbanki Securities (UK) Limited, which is authorised and regulated in the
United Kingdom by the Financial Services Authority, is acting solely for the
Company and for no one else in connection with the Proposals and will not be
responsible to anyone other than the Company for providing the protections
afforded to clients of Landsbanki Securities (UK) Limited or for affording
advice in relation to the Proposals or any matter referred to in this document.



END

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