RNS Number:1353K
Premier Pacific Income Fund PLC
16 April 2003


COMPANY ANNOUNCMENT



                Immediate Release                                  16 April 2003


                               Premier Pacific Income Fund plc

                                       (the "Company")


                                  Re: Dividend Announcement





The Directors of Premier Pacific Income Fund plc wish to announce that at a
board meeting of the Company held on 16 April 2003, it was resolved to declare a
reduction in the quarterly dividend to from 1.00 pence to 0.70 pence per share.



Ex-Date:                                   23 April 2003

Period covered:                        1st January 2003 - 31st March 2003

Payment Date:                          19 May 2003

Dividend per Share:                  0.70 Pence




Enquiries:

RSM Robson Rhodes                                       Orlagh Mc Dermott
                                                        Phone: + 353 1 661 4585

Corporate Compliance & Secretarial Services Limited     Alan Aylward
                                                        Phone: + 353 1 476 8300








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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