SECTION 425 OF THE COMPANIES ACT  NO 7712 OF 2003

ABERDEEN PREFERRED INCOME TRUST PLC

(In Administrative Receivership and under a Scheme of Arrangement)
I hereby give notice that we, Malcolm Cohen and Anthony Peter Supperstone, of BDO Stoy Hayward LLP, 8 Baker Street, London W1U 3LL, were appointed Creditors Scheme Supervisors of the above-named Company on 17 February 2004. All debts and claims should be sent to me at my address above. All Creditors are invited to prove their debts in writing to me. Claims that have not been received within 7 weeks from the date of publication of this advertisement will not rank for distributions, unless due to exceptional circumstances and at the absolute discretion of the Creditors Scheme Supervisors. No further public advertisement of invitation to prove debts will be given. This advertisement is not intended for Stockholders or Shareholders of any class.
M Cohen, Creditors Scheme Supervisor
2 March 2004.