RNS Number:4685I
Premier Pacific Income Fund PLC
07 March 2003

Premier Pacific Income Fund Plc (the "Company")

7 March 2003



Re:  Repayment of Company loan



The Board of Directors of the Fund wish to announce that a further #1,000,000 of
the loan to the Company from the Bank of Scotland was re-paid today 7 March,
reducing the outstanding balance to #21.0 million.  The Company incurred no
costs with this repayment.



Enquiries to:


Corporate Compliance & Secretarial                              Alan Aylward
Services Limited:                                               +353 1 476 8300

Teather & Greenwood                                             Jonathan Becher
                                                                020 7426 3269





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