PABI Prem. Abs.

    The announcement made on 8 November 2007 contained an incorrect conversion
factor for the Premier Absolute Growth Fund ZDP Shareholders who elected for
the rollover option. This has been corrected in the following announcement.



FOR IMMEDIATE RELEASE

PAGIT Securities plc ("the Company")

9 November 2007

Further re Proposals for the voluntary winding-up and reconstruction of the
Company

Result of Second General Meeting - CORRECTION

At the Second General Meeting of the Company, a subsidiary of Premier Absolute
Growth & Income Trust plc, 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 Scheme Asset Value
has been calculated at 182.84708p per ZDP Share. Cheques for this amount per
ZDP Shares will be despatched to ZDP Shareholders who elected for the Cash
Option in the week commencing 12 November 2007.

The Premier Absolute Growth Fund Share Issue Price as at midday today was
56.73p per share. Accordingly, ZDP Shareholders who elected for the Rollover
Option will receive 3.19162199 shares in the Rollover Fund for each ZDP share
held. Contract notes for these will be despatched on 9 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.

36

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END

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