PMH Puma High

    PREMIER HIGH INCOME TRUST PLC

The Company announces that a second interim dividend in respect of the year 1
July 2004 to 30 June 2005 of 0.85p net per Ordinary share shall be payable on
28 February 2005 to the holders of Ordinary shares on the register as at 11
February 2005.

As previously reported in the Annual Report, the Board intends to distribute
each quarter substantially all current income after expenses as dividends.
Shareholders, therefore, can expect fluctuations in the level of dividends paid
throughout the year.

3 February 2005



END

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