RNS Number:4654M
BFS Investments PLC
18 June 2003

                                                                      FORM SAR 3



Lodge with a RIS or Newstrack if appropriate and the Takeover Panel.

A copy must also be sent to the company the shares of which are acquired.



Date of disclosure


18/06/03



DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING

SUBSTANTIAL ACQUISITIONS OF SHARES ("SARs")



Date of acquisition


5/06/03



Acquisition in (name of company)


Premier Pacific Income Fund PLC



1. Class of voting shares (eg ordinary shares)


Ordinary shares



Number of shares/rights over shares acquired


   300,000             Shares                  Rights



If rights over shares acquired, as opposed to the shares themselves, specify
nature of rights






2. Resultant total holding of voting shares (and % of total voting shares in
issue)


6,600,000 Ordinary shares                                15.62%



Resultant total holding of rights over shares (and % of total voting shares in
issue)


                                                         %



Total percentage


   15.62%



3. Party making disclosure


BFS Investments plc

4. (a) Name of person acquiring shares or rights over shares


Discretionary clients of BFS Investments plc


and, if different, beneficial owner






(b) Names of any other persons acting by agreement or understanding (see SAR 5)






Signed, for and on behalf of the party named in (3) above






(Also print name of signatory)


David Tyler



Telephone and extension number


0845 130 1122



Note.   Under SAR 5, the holdings of and acquisitions by persons acting by
agreement or understanding must be aggregated and treated as a holding of or
acquisition by one person. Note 3 on SAR 5 requires persons who must aggregate
holdings to disclose certain disposals.



For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs.  If in doubt, contact the Panel on Takeovers and Mergers, Monitoring
Section.  Tel. No: 020 7638 0129.

Email:monitoring@disclosure.org.uk




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

SADFGGMVGRZGFZM