Directorate Change

Acorn Income Fund Ld
17 January 2007


To:      Company Announcements
Date:    17 January 2007
Company: Acorn Income Fund Limited

Subject: Change in Directors

In accordance with the requirements of Listing Rule 9.6.14, Acorn Income Fund
Limited today announces the resignation of Martin Bralsford and Eitan Milgram as
Directors of the Company, with immediate effect.

The Board has appointed with immediate effect, Helen Green (aged 44), a Partner
of Saffery Champness who commenced her career as a chartered accountant in their
London office where she was a partner in the private client/landed estate team.
She was audit partner for a number of property investment companies and an AIM
quoted company. Helen moved to Saffery's Guernsey office in November 2000 and as
Client Liaison Director is responsible for a number of the trust and company
administration departments. She is on the board of three AIM quoted companies,
Puma Brandenburg Limited, Advance AIM Realisation Fund Limited and Landore
Resources Limited, and two Official List companies, TRIO Finance Limited which
invests in asset-backed securities and Kenmore European Industrial Fund, a
European industrial property fund. The companies are all Guernsey registered.
Helen is also a director of two non listed property funds and a non-executive
director of a number of Cayman Islands and Irish registered funds.

All Enquiries:

The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited

Tel: [phone]
Fax: [phone]



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