PPT Putnam Premier Income Trust

Putnam Investments today announced quarterly performance results for one closed-end fund over the three months ended April 30, 2009.

Putnam Premier Income Trust

The per-share net asset value (NAV) for Putnam Premier Income Trust (PPT) was $4.84 as of the close of business on April 30, 2009. The per-share NAV for this fund was $4.46, as of January 31, 2009. The share price as traded on the New York Stock Exchange (NYSE) on April 30, 2009 was $4.30. The share price for this fund was $4.32 as of January 31, 2009. The fund�s total return for the three months ended April 30, 2009 was 11.90%, based on net asset value, and 2.64% based on NYSE share price.

Additional quarterly data is as follows:

Three months

ended

April 30, 2009

� � � �

Three months

ended

April 30, 2008

Total investment income Total $ 13,753,479 24,990,274 Per share* $ .10 .16 � Net investment income Total $ 12,292,398 22,955,843 Per share* $ .09 .15 � Net realized and unrealized gain(loss) on investments Total $ 58,679,529 (20,668,438) Per share* $ .42 (.13) � Net increase in net assets resulting from operations Total $ 70,971,927 2,287,405 Per share* $ .51 .02 � Net assets available at the end of the period Total $ 678,431,916 1,044,687,024 Per share* $ 4.84 6.92 � * per common share

About Putnam Investments

Founded in 1937, Putnam Investments is a leading global money management firm with over 70 years of investment experience. As of December 31, 2008, Putnam managed $102 billion in assets. Putnam has offices in Boston, London, Tokyo, Singapore and Sydney. For more information, go to www.putnam.com.

For any Putnam fund request a prospectus from your financial representative or by calling Putnam at 1-800-225-1581. The prospectus includes investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing.

Putnam mutual funds are distributed by Putnam Retail Management.