RNS Number:9223O
Aberdeen Preferred Income Trust PLC
19 December 2001

PART 2


DEFINITIONS

Words and expressions defined in the Prospectus have the same respective
meanings in this announcement.

PART 3 - TIMETABLE

                                  TIMETABLE

                                                                           2001
Open Offer Record Date                                  close of business on 12
                                                                       December
Prospectus, Application Forms and ZDP Share                         19 December

Exchange Election Forms posted
                                                                           2002
Meeting of Stockholders                                 2.00 p.m. on 14 January
Latest time and date for splitting Application          3.00 p.m. on 17 January
Forms
(to satisfy bona fide market claims)
Latest time and date for lodging forms of proxy         2.00 p.m. on 19 January
for the

Abpref EGM
Latest time and date for lodging forms of proxy         2.05 p.m. on 19 January
for the

Abpref Securities EGM
Latest time and date for lodging forms of proxy         2.10 p.m. on 19 January
for the

2003 ZDP Shares Class Meeting
Latest time and date for lodging forms of proxy         2.15 p.m. on 19 January
for the

2008 ZDP Shares Class Meeting
Extraordinary General Meeting                           2.00 p.m. on 21 January
Abpref Securities Extraordinary General Meeting         2.05 p.m. on 21 January
2003 ZDP Shares Class Meeting                           2.10 p.m. on 21 January
2008 ZDP Shares Class Meeting                           2.15 p.m. on 21 January
Latest time and date for receipt of Application         3.00 p.m. on 21 January

Forms and payment in full
Latest time and date for receipt of Election            3.00 p.m. on 21 January
Forms
ZDP Share Exchange Record Date                          close of business on 21
                                                                        January
Registers of 2003 ZDP Shares and 2008 ZDP Shares        close of business on 21
                                                                        January
close
Dealings in existing ZDP Shares cease                   close of business on 28
                                                                        January
Dealings commence in New Shares                                      29 January
CREST accounts credited in respect of the New                        29 January

Shares
Despatch of definitive certificates                                  29 January
Despatch of cheques in respect of the ZDP Share                      29 January

Exchange
Return of excess application monies in the event                     29 January
of scaling down of excess applications under the
Open Offer



  References in this announcement to 13 December 2001 are references to that
    date as being the latest practicable date prior to this announcement.

END





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