RNS Number:2752M
Premier Pacific Income Fund PLC
12 June 2003

                                COMPANY ANNOUNCEMENT

For Immediate Release                                               12 June 2003


                          Premier Pacific Income Fund plc
                                 (the "Company")

                   Re:  Notification of Controlling Shareholder

The Directors of the Company wish to announce that Nutraco Nominees Limited may
be considered to be controlling shareholders in the Company by virtue of the
fact that their holding of Ordinary Shares of the Company is greater than 10%
(4,224,137.9 shares) of the total issued share capital in the Company.


Name of Registered Shareholder.                Ordinary Shares held as at
                                                      5th June 2003.
                                                      
Nutraco Nominees Limited.                               10,345,000


Enquiries:

Corporate Client and Secretarial Services Limited    Alan Aylward
                                                     Phone: + 353 1 476 8300

RSM Robson Rhodes LLP                                Helen Ennis
                                                     Phone: + 353 1 661 4585



This announcement has been issued through the Companies Announcement Service of
                            The Irish Stock Exchange

                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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