PMH Puma High

    PREMIER HIGH INCOME TRUST PLC

The Company announces that a first interim dividend in respect of the year 1
July 2004 to 30 June 2005 of 1.35p net per Ordinary share shall be payable on
30 November 2004 to the holders of Ordinary shares on the register as at 12
November 2004.

As previously reported in the Chairman's Statement, 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.

4 November 2004



END

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