Appointment of Receivers

RNS Number:2572Z
Aberdeen High Income Trust PLC
29 July 2002

29 July 2002

Aberdeen High Income Trust PLC (the "Company")



APPOINTMENT OF ADMINISTRATIVE RECEIVER

Further to the announcement of 18 July 2002, there has been a further
deterioration in the prices of the Company's underlying investments. After
discussions between the Board, the Trustees of the Debenture Stock and Bank of
Scotland, the secured creditors were invited to appoint administrative
receivers. Accordingly, T M Burton and P J Brazzill were appointed Joint
Administrative Receivers of the Company by the Governor & Company of the Bank of
Scotland under the terms of a debenture dated 26 November 2001 giving Bank of
Scotland a floating charge over the whole of the assets of the Company.

Secured creditors, which rank pari passu, comprise the Trustees of the Debenture
Stock and Bank of Scotland, the bank loan provider. It is estimated there will
be a shortfall as regards the amount due to the secured creditors. Therefore,
there are no prospects of a distribution to unsecured creditors or to
shareholders.

If the prospect of a distribution to shareholders changes, the Administrative
Receivers of the Company will advise shareholders in writing and by issuing a
statement via the Company's website at:

http://www.highincome-trust.co.uk

Finally, the Administrative Receivers regret that no funds are available to
maintain a register of members subsequent to the date of the their appointment.
Consequently, it is not possible to register any transfers of shares or changes
in shareholder details after this date.

Enquiries:
Tom Burton and                                        Tel. [phone]
Patrick Brazzill                                      Tel. [phone]
Ernst & Young

Ian Davis                                             Tel. [phone]
Hoare Govett Limited

William Hemmings / Stephen Folland                    Tel. [phone]
Aberdeen Asset Managers Limited


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