PABI Prem. Abs.

    Premier Absolute Growth & Income Trust PLC

Bank Loan repayment

The Company announces that on 13 September 2007 it repaid �1,500,000 from the �
7,000,000 unsecured Revolving Credit Facility with the Bank of Scotland
expiring on 14 October 2007. This repayment leaves �2,500,000 of the bank
facility outstanding.



END

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