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Wednesday 09 February, 2005

Perry Prtnrs Int

Re: Share Split

Perry Partners International
09 February 2005

STOCK EXCHANGE ANNOUNCEMENT



For Immediate Release

9 February, 2005



Perry Partners International, Inc.



Re:  Share Split



The Directors of Perry Partners International, Inc. (the 'Company') wish to
announce that its currently listed Class A, Class D & Class F Shares will be
split into two parts with restricted investors holding Class A-Restricted
Shares, Class D-Restricted Shares and Class F-Restricted Shares and
non-restricted investors holding Class A-1, Class D-1 and Class F-1 Shares,
which shall carry the right to participate in 'new issues' as defined by the
U.S. National Association of Securities Dealers, Inc. Before the split, all
investors were participating in new issues. The Class A-Restricted Shares, Class
D-Restricted Shares and Class F-Restricted Shares will be admitted to the
Official List of the Irish Stock Exchange with effect from 10 February, 2005.



The following investment restriction will now apply:



No more than 20% of the value of the gross assets of the Class A-1, Class D-1
and Class F-1 Shares may be lent to or invested in the securities of any one
issuer or may be exposed to the creditworthiness or solvency of any one
counterparty in respect of new issues transactions.



The following additional risk factor is now applicable:



Each separate class of shares will represent a separate account and will be
maintained with separate accounting records.  However, the Company may be
treated as one entity.  Thus all of the assets of the Company may be available
to meet all of the liabilities of the Company, regardless of the separate
portfolio to which such assets or liabilities are attributable.  In practice,
cross class liability will usually only arise where any class becomes insolvent
or exhausts its assets and is unable to meet all of its liabilities.  At the
date of this announcement the Directors are not aware of any such existing or
contingent liability.








Enquiries:


Davy Stockbrokers                             Stephen Loughlin                               +353 1 614 8933









This announcement has been issued through the Companies Announcement Service of



                            The Irish Stock Exchange












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