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Premier Pacific Inc (PPI)

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Tuesday 02 August, 2005

Premier Pacific Inc

Re: Notification of Sharehldg

Premier Pacific Income Fund PLC
02 August 2005


                                                 COMPANY ANNOUNCEMENT


For Immediate Release                                                                                       2nd August
                                                         2005

                                            Premier Pacific Income Fund PLC
                                                    (the 'Company')

                                           Re:  Notification of Shareholding




The Directors of the Company wish to announce that, on 29th July 2005, BFS Income & Growth Trust plc have sold 692,651 
NPV shares in the Company. This reduces holding in the Company to 900,000, which represents a holding of less than 3% of
this class of shares.


In addition, on 29thJuly 2005, BFS Investments plc sold 227,592 ordinary shares of the Company. This has reduced their 
shareholding to 5,861,468 shares, which represents a holding of 13.88% of this class of shares.




Enquiries:


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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