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Premier Pacific Inc (PPI)


Monday 26 September, 2005

Premier Pacific Inc

RE: Approval of Circular etc.

Premier Pacific Income Fund PLC
26 September 2005


For Immediate Release                                                         26th September 2005

                                     Premier Pacific Income Fund plc (the 'Fund')

Re: Approval of Circular and First Dealing Day.

The Directors of the Fund would like to announce that the changes outlined in
the circular released to the Exchange dated the 30th July 2005, have been
approved by IFSRA and will become effective the 30th September 2005.

Accordingly, subscriptions and redemptions on a quarterly basis may now proceed
subject to the terms and conditions in the Fund's prospectus.

The Directors of the Fund believe that the first redemption date should be 30th
September as outlined in the circular. Accordingly, they have now resolved to
accept subscriptions and redemptions for 30th September 2005, provided that
application and redemption requests are lodged with:

Northern Trust International Fund Administration Services (Ireland) Limited,

George's Quay House,

43 Townsend Street,

Dublin 2

By 17:00 on Wednesday, 28th September 2005.


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.

                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                                                                                                                                                      

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