APR Apr Energy

RNS No 5433a
ABERDEEN PREFERRED INCOME TRUST PLC
29 June 1999


IN ACCORDANCE WITH THE ISSUE NOTE AND CIRCULAR TO SHAREHOLDERS DATED 28 APRIL
1999 THE BOARD OF ABERDEEN PREFERRED INCOME TRUST PLC HAS TODAY (29/6/99)
DECLARED A FIRST INTERIM DIVIDEND IN RESPECT OF THE YEAR ENDING 28 FEBRUARY
2000 OF 4.0p (NET) PER EXISTING ORDINARY 10p SHARE (1998/99 FIRST INTERIM -
3.625p).  THE FIRST INTERIM DIVIDEND WILL HAVE A RECORD DATE OF 9 JULY 1999
AND WILL BE PAID ON 18 AUGUST 1999 TO EXISTING ORDINARY SHAREHOLDERS ON THE
REGISTER AT THE RECORD DATE.

THE NEW ORDINARY SHARES ISSUED IN RESPECT OF THE RECENT ISSUE AND PLACING IN
CONNECTION WITH A RECOMMENDED SCHEME FOR THE RECONSTRUCTION OF OLIM
CONVERTIBLE TRUST PLC DO NOT RANK FOR THE FIRST INTERIM DIVIDEND.  THE NEW
ORDINARY SHARES WILL RANK FOR THE SECOND INTERIM DIVIDEND EXPECTED TO BE PAID
IN NOVEMBER 1999.

END

DIVNFNKNAEPNEEN

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