Holding(s) in Company

Acorn Income Fund Ld
04 June 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                                  X
----------------------------------------------                               -----
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: Initial notification of shareholding under Transparency Directive     
----------------------------------------------                               -----
3. Full name of person(s) subject to the          Charles Stanley Group PLC
notification obligation(1):                       --------------------
-------------------------------
4. Full name of shareholder(s) (if different from Charles Stanley & Co Ltd
3.)(1):
                                                  (Rock Nominees Limited)
                  ------------------------------- --------------------
5. Date of the transaction (and date on which the 21 May 2007
threshold is crossed or reached if different)(1): --------------------
-------------------------------
6. Date on which issuer notified:                 23 May 2007
-------------------------------                   --------------------
7. Threshold(s) that is/are crossed or reached:                              8%
-------------------------------                                --------------------



8. Notified details:
A: Voting rights attached to shares
Class/type of  Situation         Resulting situation after the triggering
shares         previous to the   transaction(1)
               Triggering
               transaction (1)
if possible
using the ISIN Number   Number   Number   Number of voting      % of voting rights
CODE           of       of       of       rights ix
               Shares   Voting   shares
                        Rights   Direct   Direct  Indirect xi   Direct  Indirect
                        viii              x
GB0004829437       --       --        0       0       725,540       0      8.1%
B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of          Expiration   Exercise/           Number of voting     % of voting
financial        date xiii    Conversion Period/  rights that may be   rights
instrument                    Date xiv            acquired if the
                                                  instrument is
                                                  exercised/
                                                  converted.

Total (A+B)
Number of voting rights                      % of voting rights
                                   725,540                                 8.1%



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable xv:
Charles Stanley & Co Ltd (Rock Nominees Limited)
Charles Stanley Group PLC is the holding company of the above.
Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease
to hold:

12. Date on which proxy holder will cease to hold
voting rights:

13. Additional information:

14. Contact name:                  Robert Howard

15. Contact telephone number:      020 7953 2154




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