RNS Number:6438A
Aberdeen Preferred Income Trust PLC
11 November 1999


Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
ABERDEEN PREFERRED INCOME TRUST PLC

2   Name of shareholder having a major interest:
FUNDS UNDER THE MANAGEMENT OF EXETER ASSET MANAGEMENT LIMITED

3   Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18:


4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
NOT DISCLOSED

5   Number of shares/amount of stock acquired:


6   Percentage of issued class:


7   Number of shares/amount of stock disposed:
286,663

8   Percentage of issued class:
0.22%

9   Class of security:
ORDINARY 10P SHARES

10  Date of transaction:
9 NOVEMBER 1999

11  Date company informed:
10 NOVEMBER 1999

12  Total holding following this notification:
8,900,000

13  Total percentage holding of issued class following this notification:
6.91%

14  Contact name for queries:
ELIZABETH HAWES

15 Contact telephone number:
020 7463 6307

16  Name of company official responsible for making notification:
ABERDEEN ASSET MANAGEMENT PLC - SECRETARIES

17  Date of notification:
11 NOVEMBER 1999


Additional Information:
FOLLOWING THE ABOVE ANNOUNCEMENT FUNDS UNDER THE MANAGEMENT OF EXETER ASSET
MANAGEMENT LIMITED ARE INTERESTED IN 8,900,000 (REPRESETING 6.91% OF THE
ISSUED SHARE CAPITAL) ORDINARY 10P SHARES IN ABERDEEN PREFERRED INCOME TRUST
PLC.

BENEFICIALLY OWNED AS FOLLOWS :-

EXETER PREFERRED CAPITAL INVESTMENT TRUST - 1,650,000
DARTMOOR INVESTMENT TRUST - 5,000,000
EXETER HIGH INCOME UNIT TRUST - 1,250,000
EXETER ENHANCED INCOME FUND - 1,000,000


END


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