RNS No 4016x
JERSEY PHOENIX TRUST LIMITED
18 May 1999

LETTER TO: COMPANY ANNOUNCMENTS OFFICE

We wish to inform you that we were notified by Aberdeen Asset Managers Limited
on 17 May 1999 that they acquired on that date 750,000 shares on behalf of
Aberdeen High Income Trust Plc and 550,000 shares on behalf of Aberdeen
Preferred Income Trust Plc.

Their Aggregate holding now amounts to 7,349,426 shares allocated as follows:

Enhanced Zero Investment Trust                    150,000
Aberdeen High Income Trust Plc                    750,000
Danae Investment Trust Plc                        250,000
Jove Investment Trust Plc                         400,000
Aberdeen Preferred Income Trust Plc             2,500,000
Leveraged Income Fund Limited                     100,000
Private Clients                                 3,199,426
                                                ---------
TOTAL                                           7,349,426
                                                =========
The aggregate holding of ordinary shares of this company under the management of
Aberdeen Asset Managers Limited represents 22.59% of the issued share capital.

FROM: JERSEY PHOENIX TRUST LIMITED

END


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