PPT Putnam Premier Income Trust

The Trustees of The Putnam Funds declare the following distributions.

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RECORD

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PAYMENT

FUND NAME AND DISTRIBUTIONS

DATE

DATE

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Putnam American Government Income Fund � Class B Shares (PAMBX)

$0.0270 per share investment income 7/16/2009 7/20/2009 �

Putnam American Government Income Fund � Class C Shares (pending)

$0.0280 per share investment income 7/16/2009 7/20/2009 �

Putnam American Government Income Fund � Class M Shares (PAMMX)

$0.0310 per share investment income 7/16/2009 7/20/2009 �

Putnam American Government Income Fund � Class R Shares (PAMRX)

$0.0310 per share investment income 7/16/2009 7/20/2009 �

Putnam American Government Income Fund � Class Y Shares (pending)

$0.0350 per share investment income 7/16/2009 7/20/2009 �

Putnam Asset Allocation Conservative Fund � Class B Shares (PACBX)

$0.0190 per share investment income 7/16/2009 7/20/2009 �

Putnam Asset Allocation Conservative Fund � Class C Shares (PACCX)

$0.0200 per share investment income 7/16/2009 7/20/2009 �

Putnam Asset Allocation Conservative Fund � Class M Shares (PACMX)

$0.0210 per share investment income 7/16/2009 7/20/2009 �

Putnam Asset Allocation Conservative Fund � Class R Shares (PACRX)

$0.0220 per share investment income 7/16/2009 7/20/2009 �

Putnam Asset Allocation Conservative Fund � Class Y Shares (PACYX)

$0.0250 per share investment income 7/16/2009 7/20/2009