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Premier Pacific Inc (PPI)

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Wednesday 12 October, 2005

Premier Pacific Inc

RE:Notification -Shareholding

Premier Pacific Income Fund PLC
12 October 2005


                                                 COMPANY ANNOUNCEMENT


 For Immediate Release                                                                               12th October 2005

                                            Premier Pacific Income Fund PLC
                                                    (the 'Company')

                                           Re:  Notification of Shareholding





The Directors of the Company wish to announce that, on 10th October 2005,
Carrousel Capital Ltd, on behalf of the funds under its management, have sold
ordinary shares in the Company. This reduces holding in the Company to 1,322,799
ordinary shares, which represents a holding of 4.18% 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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