APR Apr Energy

RNS Number:9324H
Aberdeen Preferred Income Trust PLC
2 August 2001


THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION.  If you have
sold or transferred all of your 5 3/8 per cent. RPI-Linked Debenture Stock
2007 of Aberdeen Preferred Income Trust PLC, please send this document at once
to the purchaser or transferee or to the stockbroker, banker or other agent
through whom the sale or transfer was made, for onward transmission to the
purchaser or transferee.

                     ABERDEEN PREFERRED INCOME TRUST PLC                      
                                                                              
 Registered in England with number 3263071, an investment company within the  
               meaning of section 266 of the Companies Act 1985               
                                                                              
                      Redemption of #18,500,000 nominal                       
               5 3/8 per cent. RPI-Linked Debenture Stock 2007                

                          NOTICE OF EARLY REDEMPTION                          
                              to the holders of                               
                     ABERDEEN PREFERRED INCOME TRUST PLC                      
                                (the "Issuer")                                
     #18,500,000 nominal 5 3/8 per cent. RPI-Linked Debenture Stock 2007      
                                (the "Stock")                                 

Notice is hereby given to the holders of the Stock that, in accordance with
Condition 6 of the Trust Deed constituting the Stock, the Issuer will exercise
its option to redeem all of the Stock on 14 September 2001 (the "Redemption
Date"), being 44 days from the date of this notice, from which date interest
on the Stock will cease to accrue. 

The Stock will be redeemed at the Adjusted Redemption Price (as defined in the
said Condition 6) together with interest accrued up to and including the
Redemption Date. 

Redemption payments will be made to holders of the Stock on the register on
the record date, 15 August 2001.   Holders of Stock should be aware that the
register will close from the close of business on 15 August 2001 and any
transfers received after that time will be returned to transferors. 
Transferees of Stock after that time will have to claim against transferors
for the proceeds of redemption.  Stock held within CREST will be disabled from
the close of business on 15 August 2001.

All entitled holders of Stock (both within CREST and materialised) will be
sent redemption proceeds by cheque on 13 September 2001.

An indicative redemption value of the Adjusted Redemption Price, calculated on
11 July 2001, is #123.598 per 100 units of Stock.  This figure is liable to
change according to movements in interest rates and expectations of UK
inflation rates between the date of this notice and the Redemption Date.  

In addition accrued interest will be payable up to and including the date of
redemption, based on a rate of #3.017 per 100 Units, previously announced on
22 March 2001, adjusted for the number of day's accrued interest. Interest
payments will be made separately to holders of the Stock on the register on
the record date, 15 August 2001


Aberdeen Asset Management PLC
1 August 2001                                                                 
Secretary

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