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Premier Pacific Inc (PPI)


Tuesday 24 April, 2007

Premier Pacific Inc

NAV, Redemptions & Dividend

Premier Pacific Income Fund PLC
24 April 2007


Premier Pacific Income Fund Plc

                                  (the 'Fund')

                 Re: Net Asset Value, Redemptions and Dividend

For immediate release
                   24 April 2007

The Fund wishes to announce that following discussion with major shareholders
prior to the Board Meeting on 15th March 2007, it was agreed in principal that
the Fund's revenue reserves would be distributed as a dividend prior to the
liquidation of the Fund.  As at 10th April 2007 the revenue reserve, after
allowing for the income, expenditure and distributions made between 1st August
2006 and 10th April 2007, was £566,283.  This is equivalent to 7.53 pence per

There are expenses associated with the liquidation that would be deemed revenue
reducing.  These include audit fees; the balance of custody, administration and
registry fees; directors' fees and secretarial fees.  We will also receive some
further income estimated at £ 25,000.

The Board have resolved to pay a dividend of 7.3 pence per share.  This dividend
will represent the normal quarterly dividend of 0.8 pence per share and a
special dividend of 6.5 pence per share.  This will cost £ 548,712 and will
leave a net position of about £ 42,500.

Ex-dividend Date:         02 May 2007

Register Date:               04 May 2007

Payment Date:              21 May 2007

RSM Robson Rhodes
Noeleen Neary

                +353 1 436 6400

Premier Fund Managers Limited                                          Richard

                +44 1721 724 837

This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.

                      This information is provided by RNS
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