Holding(s) in Company

Acorn Income Fund Ld
12 February 2007



TR-1(i): notification of major interests in shares

1. Identity of the issuer or the underlying   ACORN INCOME FUND LIMITED
issuer of existing shares to which voting     ------------------------
rights are attached(1):
-------------------------------
2. Reason for the notification (please tick the appropriate box or boxes)
-------------------------------------------------                            ------
An acquisition or disposal of voting rights                                 
-------------------------------------------------                           ------
An acquisition or disposal of financial instruments which may result in the 
acquisition of shares already issued to which voting rights are attached    ------
-------------------------------------------------
An event changing the breakdown of voting rights                            
-------------------------------------------------                           ------
Other (please specify): Initial holding on implementation of Transparency   X
Directive.                                                                  ------
-------------------------------------------------
3. Full name of person(s) subject to the      RATHBONE BROTHERS PLC
notification obligation(1):                   ------------------------
-------------------------------
4. Full name of shareholder(s) (if different  RATHBONE BROTHERS PLC
from 3.)(1):
                                              Rathbone Investment Management Ltd
-------------------------------               ------------------------
5. Date of the transaction (and date on which 8th February 2007
the threshold is crossed or reached if        ------------------------
different)(1):
-------------------------------
6. Date on which issuer notified:             8th February 2007
-------------------------------               ------------------------
7. Threshold(s) that is/are crossed or
reached:                                      5%
-------------------------------               ------------------------
8. Notified details:                          N/A
-------------------------------               ------------------------

A: Voting rights attached to shares
Class/type   Situation previous to the    Resulting situation after the triggering
of shares    Triggering transaction (1)   transaction(1)
if possible
using the    Number of  Number of Voting  Number Number of voting  % of voting
ISIN CODE    Shares     Rights viii       of     rights ix         rights
                                          shares
                                          Direct Direct Indirect   Direct Indirect
                                                 x      xi
25p Ordinary  591,575           591,575   N/A    N/A     591,575   N/A      6.62%
GB0004829437

B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of     Expiration Exercise/       Number of voting rights that may  % of
financial   date xiii  Conversion      be acquired if the instrument is  voting
instrument             Period/ Date    exercised/ converted.             rights
                       xiv
N/A         N/A        N/A             N/A                               N/A

Total (A+B)
Number of voting rights                      % of voting rights
                                   591,575   6.62 %



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable xv:
RATHBONE BROTHERS PLC*
Rathbone Investment Management Limited 6.62 %
* Rathbone Brothers Plc is the holding company of the following.

Proxy Voting:
10. Name of the proxy holder:                                              N/A
11. Number of voting rights proxy holder will cease to hold:               N/A
12. Date on which proxy holder will cease to hold voting rights:           N/A

13. Additional information:                    N/A
14. Contact name:                              COMPLIANCE DEPARTMENT
15. Contact telephone number:                  020 7399 0000

Annex Notification Of Major Interests In Shares xvi
A: Identity of the person or legal entity subject to the notification obligation
Full name (including legal form for legal entities)           RATHBONE BROTHERS
                                                              PLC
Contact address (registered office for legal entities)        159 NEW BOND
                                                              STREET
                                                              LONDON, W1S 2UD
Phone number                                                  020 7399 0000
Other useful information (at least legal representative for   COMPLIANCE
legal persons)                                                DEPARTMENT

B: Identity of the notifier, if applicable xvii
Full name                                                                    N/A
Contact address                                                              N/A
Phone number                                                                 N/A
Other useful information (e.g. functional relationship with the person or    N/A
legal entity subject to the notification obligation)

C: Additional information
N/A


Notes
--------------------------



(i) This form is to be sent to the issuer or underlying issuer and to be filed
with the competent authority.



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