RNS Number:2642C
Jersey Phoenix Trust Ld
9 December 1999

Letter to Company Announcements Office

Notification of Major Interest in Ordinary 10p shares

We wish to inform you that we were notified today by Aberdeen Asset Managers
Limited that, on 3 December 1999, they bought 138,415 shares on behalf of
discretionary private clients.

Their aggregate holding now amounts to 7,231,211 shares allocated as follows:

Aberdeen High Income Trust Plc                 1,500,000
Danae Investment Trust Plc                       250,000
Jove Investment Trust Plc                      1,000,000
Aberdeen Preferred Income Trust Plc            2,000,000
Private Clients                                2,481,211
Total                                          7,231,211

The aggregate holding of ordinary shares of this company under the management of
Aberdeen Asset Managers Limited represents 22.04% of the issued share capital.

Letter from EFG Reads Secretaries Limited, Secretary to Jersey Phoenix Trust
Limited.

END



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