Premier Pacific Inc

Notification of Controlling

Premier Pacific Income Fund PLC
12 October 2005


For Immediate Release                                                                      12 October 2005

                                            Premier Pacific Income Fund PLC
                                                    (the 'Company')

Re:  Notification of Controlling Shareholder

The Directors of the Company wish to announce that Citigroup Global Markets UK
Equity Limited have a notifiable interest in 2,535,890 ordinary shares
representing 6.00% of the issued ordinary shares.


Corporate Compliance and Secretarial Services Ltd.   Alan Aylward
                                                     Phone: + 353 1 476 8300

RSM Robson Rhodes LLP                                Louise Butler
                                                     Phone: + 353 1 436 6400

This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.

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