RNS Number:4864E
Jersey Phoenix Trust Ld
31 May 2001

Letter to Company Announcements Office

Notification of Major Interest in Ordinary 10p Shares

We write to inform you that we were notified yesterday by Aberdeen Asset
Managers Limited of the following transaction on behalf of a company under their
management:

  29 May 2001 - Sale of 793,000 shares for Aberdeen Preferred Income Trust Plc

Their aggregate holding now amounts to 5,642,345 shares allocated as follows:

                                          Holding          % of issued
                                                           share capital

Danae Investment Trust Plc                  210,000             0.63%
Aberdeen Preferred Income Trust Plc       2,000,000             6.04%
Murray Japan Growth & Income Ltd            738,000             2.23%
Discretionary private clients             2,694,345             8.14%
                                          5,642,345            17.04%

Letter from Jersey Phoenix Trust Limited


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