APR Apr Energy

RNS No 2911f
ABERDEEN PREFERRED INCOME TRUST PLC
3 June 1999


Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
ABERDEEN PREFERRED INCOME TRUST PLC

2   Name of shareholder having a major interest:
CGU PLC

3   Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18:


4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
VIDACOS NOMINEES LIMITED A/C PPT MIPS UK EQ 12,424,692 - NON MATERIAL
VIDACOS NOMINEES LIMITED A/C QUARTERLY HIGH INCOME TRUST 1,029,770 - MATERIAL

5   Number of shares/amount of stock acquired:
2,029,770

6   Percentage of issued class:
1.68%

7   Number of shares/amount of stock disposed:


8   Percentage of issued class:


9   Class of security:
ORDINARY 10P SHARES

10  Date of transaction:
2 JUNE 1999

11  Date company informed:
3 JUNE 1999

12  Total holding following this notification:
13,454,462

13  Total percentage holding of issued class following this notification:
11.15%

14  Contact name for queries:
ELIZABETH HAWES

15 Contact telephone number:
0171-463-6307

16  Name of company official responsible for making notification:
ABERDEEN ASSET MANAGEMENT PLC - SECRETARIES

17  Date of notification:
3 JUNE 1999





Additional Information:
THE ABOVE ANNOUNCEMENT IS MADE FOLLOWING THE ISSUE AND PLACING OF SHARES IN
CONNECTION WITH THE RECOMMENDED SCHEME ("THE SCHEME") FOR THE RECONSTRUCTION
OF OLIM CONVERTIBLE TRUST PLC.

ABERDEEN PREFERRED INCOME TRUST HAS 120,715,449 SHARES IN ISSUE AT PRESENT AND
FOLLOWING THE PLACING OF 8,119,080 ORDINARY 10P SHARES ON 7 JUNE 1999, THERE
WILL BE 128,834,529.


END

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