Annual Information Update

Annual Information Update

This annual information update is required by, and is being made pursuant to,
Article 10 of the Prospectus Directive as implemented in the United Kingdom by
Prospectus Rule 5.2 and not for any other purpose and neither the Company, nor
any other person, takes any responsibility for, or makes any representation,
express or implied, as to the accuracy or completeness of, the information
which it contains.

The information is not necessarily up-to-date as at the date of this annual
information update and the Company does not undertake any obligation to update
any such information in the future. Further, such information may have been
prepared in accordance with the laws or regulations of a particular
jurisdiction and may not comply with or meet the relevant standards of
disclosure in any other jurisdiction. Neither this annual information update,
nor the information referred to in it, constitutes, by virtue of this
communication, an offer of any securities addressed to any person and it should
not be relied on by any person.

The Company is publishing this annual information updated via an RIS today and
making it available on our website at www.pipplc.com.

Company Announcements

The Company has made the following announcements through PR Newswire, its
appointed RIS.

Date               Time          Heading                                    
                                                                            
31 October 2008    17.02         Net Asset Value                            
                                                                            
27 October 2008    12.42         Annual Report and Accounts                 
                                                                            
22 October 2008    16.37         Price Monitoring Extension                 
                                                                            
10 October 2008    16.52         Second Price Monitoring Extension          
                                                                            
10 October 2008    16.44         Price Monitoring Extension                 
                                                                            
7 October 2008     16.42         Second Price Monitoring Extension          
                                                                            
7 October 2008     16.36         Price Monitoring Extension                 
                                                                            
6 October 2008     16.09         Final Results                              
                                                                            
25 September 2008  10.47         Final Results - Preliminary Announcement   
                                                                            
11 September 2008  16.41         Second Price Monitoring Extension          
                                                                            
11 September 2008  16.35         Price Monitoring Extension                 
                                                                            
26 August 2008     11.40         Holding(s) in Company                      
                                                                            
8 August 2008      15.32         Net Asset Value                            
                                                                            
19 May 2008        16.25         Interim Management Statement               
                                                                            
28 April 2008      15.46         Net Asset Value                            
                                                                            
17 March 2008      12.02         Doc re Half Yearly Financial Report 2007   
                                                                            
29 February 2008   14.42         Half-yearly Report                         
                                                                            
25 January 2008    10.12         Net Asset Value                            
                                                                            
16 January 2008    11.42         Holding(s) in Company                      
                                                                            
3 January 2008     15.54         Portfolio Update                           
                                                                            
28 November 2007   15.05         Result of AGM                              
                                                                            
19 November 2007   12.21         Interim Management Statement               
                                                                            
31 October 2007    08.38         Annual Information Update                  

Filing at Companies House

During the period the following documents were filed at Companies House:

Date               Document number       Description                          
                                                                              
30 June 2008       Form 97               Commission payable relating to shares
                                                                              
2 June 2008        Form 97               Commission payable relating to shares
                                                                              
28 December 2007   Form 363s             Annual Return                        
                                                                              
13 December 2007   Annual Report         Annual Report and Accounts 2007      
                                                                              
7 December 2007    Resolution 11         Special Resolution                   

UK Listing Authority's Document Viewing Facility

During the period the following documents were published through the UK Listing
Authority's Document Viewing Facility:

Date               Document number       Description                          
                                                                              
24 October 2008    Annual Report and     Annual Report and Accounts 2008      
                   Accounts                                                   
                                                                              
14 March 2008      Half -yearly Results  Half-yearly Report and Accounts 2008 

Inspection of Documents

The Company has its own website at www.pipplc.com which contains the following
documents:

Annual Report

Half-yearly Report

NAV Announcements

Interim Management Statement

Copies of certain documents that are required to be lodged at the FSA in
accordance with the Listing Rules, Prospectus Rules and Disclosure Rules are
available for inspection at the following address:

Financial Services Authority

25 The North Colonnade

Canary Wharf

London E14 5HS

Tel: [phone]

Copies of announcements other than NAV announcements may be viewed at the
following link http://moneyworld.uk-wire.com/cgi-bin/index?search_type=3&words=
PIN. Please note that this site is not the responsibility of the Company.

Copies of documents filed at:

Registrar of Companies

Companies House

Crown Way

Cardiff CF14 3UZ

Tel: [phone]

They may also be downloaded from its website at 
www.direct.companieshouse.gov.uk.

Copies of any of the above items may be obtained free of charge from the office
of the Company Secretary at the registered office address:

Capita Sinclair Henderson Limited

Beaufort House

51 New North Road

Exeter EX4 4EP

Tel: [phone]