PABI Prem. Abs.

    FOR IMMEDIATE RELEASE

Premier Absolute Growth & Income Trust plc ("the Company")

8 November 2007

Proposals for the voluntary winding-up of the Company

Result of General Meeting

At the General Meeting of the Company held today, all of the resolutions were
passed. Accordingly, the Liquidators have been appointed.

As at 5.00 pm on 7 November 2007, the Calculation Date, the net assets per
Preferred Income Share, after deducting the expected costs of liquidation, the
liquidators' retentions and the ZDP Shares' entitlements, are estimated at
4.35p per Preferred Income Share. Cheques for this amount per Preferred Income
Share will be despatched to Preferred Income Shareholders in the week
commencing 12 November 2007.

Terms used in this announcement shall have the same meaning as in the Circular
dated 9 October 2007.

Enquiries

Premier Fund Managers

Nigel Sidebottom

+44 (0)1483 400465

Landsbanki Securities (UK) Limited

Paul Fincham/Jonathan Becher

+44 (0)20 7426 9000

Landsbanki Securities (UK) Limited, which is authorised and regulated in the
United Kingdom by the Financial Services Authority, is acting solely for the
Company and for no one else in connection with the Proposals and will not be
responsible to anyone other than the Company for providing the protections
afforded to clients of Landsbanki Securities (UK) Limited or for affording
advice in relation to the Issue or any matter referred to in this document.



END

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