Final Results

Dunedin Income Growth Inv Tst PLC
21 March 2007



              DUNEDIN INCOME GROWTH INVESTMENT TRUST PLC ('DIGIT')

             PRELIMINARY RESULTS FOR THE YEAR ENDED 31 JANUARY 2007


Highlights
     
•    A year of strong outperformance

•    NAV total return with debt at market value 21.8% compared to a total
     return for the FTSE All-Share Index of 13.1%.

•    Total dividend to increase by 9.8% from last year to 9.0p per share

•    Revenue return per share increased by 9.1% to 10.04p, allowing for a
     further strengthening of revenue reserves


For further information, please contact:-

John Scott, Chairman
Dunedin Income Growth Investment Trust PLC         01896 752 371 or 07786 543462

Chou Chong, Investment Manager
Aberdeen Asset Managers Limited                    0207 463 6000



Chairman's Statement


Year ended 31 January 2007

In my first year as Chairman of DIGIT, it gives me pleasure to be able to report
to you on a good year for your Company, with solid results set against a
backdrop of rising UK equity markets. Following the changes reported on in the
year to January 2006, this year has proved to be altogether quieter, with the
benefits of some of these changes coming through in terms of performance.
DIGIT's Net Asset Value ('NAV') total return for the year, with debt valued at
market, was 21.8%, which was comfortably ahead of the total return of 13.1%
attributable to the FTSE All-Share Index for the period. The principal reasons
for this outperformance are covered in the Manager's Review, but it was
gratifying to see the majority of outperformance coming from stock selection and
sector allocation.  At the same time, I am pleased to report that the Manager
has once again succeeded in growing the income available to Shareholders at a
rate which comfortably exceeds current inflation.


Dividend

The period under review has continued to witness robust dividend growth across
the market, as company balance sheets are generally in good shape and corporate
profitability is still healthy. DIGIT's portfolio benefited from this and, as a
result, our revenue return per share rose from 9.20p to 10.04p. This has allowed
us to achieve another year of real dividend increases, an important objective
for us and this has been accompanied by a proposed further strengthening of our
revenue reserve, in order to provide comfort when times are not as positive.

The Board is delighted to recommend a final dividend of 5.9p per share, to give
a total dividend for the year of 9.0p, a rise of 9.8% on last year's 8.2p. For
comparison, the rise in the Retail Price Index was 4.2% over the same period.
Subject to Shareholders' approval, the final dividend will be paid on 8 May 2007
to Shareholders on the register at 10 April 2007.


Management Fee

I am pleased to report that we have recently negotiated a new scale for the
annual management fee paid by your Company to Aberdeen Asset Managers so that,
henceforth, fees are earned on net assets under management, as distinct from
gross assets hitherto.  This change, which we believe reflects best industry
practice, is intended to be broadly neutral as to the quantum of the fee paid to
the Manager, which your Board continues to regard as being competitive by
industry standards, in particular the marginal fee of 0.25% per annum paid on
assets over £425 million.


Investment Management

My predecessor made reference to changes in investment strategy undertaken in
the previous year to move the portfolio away from the shackles of the benchmark
Index. The Manager has substantially completed this process, with a significant
reduction in capital tied up in some of the larger constituents of the Index,
resulting in a better spread of investments across sectors.  Although DIGIT's
principal mandate is to invest in companies whose primary listing is in London,
as reported in detail in DIGIT's last interim statement, the portfolio now
includes a small exposure to oil companies listed in Continental Europe.


Gearing

The benefit of replacing the 111/2% fixed rate Debenture Stock in 2005 and
substituting a variable rate loan facility  allowed us to respond to higher
equity markets by reducing the absolute level of gearing within the portfolio.
In consequence, we have now cancelled without penalty £5 million of the original
£40 million variable facility.  Since we believe that returns can be enhanced
through the judicious use of gearing within the portfolio, the Board continues
to review this on an active and regular basis.


Discount and Buybacks

The Ordinary share price rose by 21.8% to 267.25p, reflecting a narrowing in the
discount to NAV at which the shares trade, from 9.1% at the end of the previous
year, to 6.3% at the end of January 2007. During the year, we bought back 3.23
million shares, which have been kept in treasury. The Company has the option of
re-issuing these shares at a later date, although it must be stressed that we
undertake not to re-issue treasury shares at a discount to NAV (calculated by
deducting the Debenture at market value).

We are firmly of the view that, as well as providing a degree of stability to
the discount, share buybacks can enhance value to continuing Shareholders
through increasing the NAV of the Company, and we will continue to engage in
buybacks on terms which will be advantageous to Shareholders. As part of prudent
housekeeping, treasury shares will be subject to review ahead of the Annual
General Meeting.


Marketing

We continue to attach great importance to the marketing of the fund, and we
believe that effective discount management is best achieved through consistent
investment performance and effective marketing. While the Manager strives to
achieve the former, it is perhaps easier to control the latter, and the bulk of
the marketing effort is targeted at attracting new Shareholders; your Board has
recently agreed to increase its expenditure on marketing in order to assist the
Manager in its efforts to promote what we see as an attractive investment
product for those seeking an income bias.  To this effect, the Manager regularly
meets with financial intermediaries, investors, and potential investors to
ensure the market place understands and is aware of the attractions of the
Company.

The Company's website www.dunedinincomegrowth.co.uk gives a great deal of
information about DIGIT. It also gives details on how to invest in the shares of
DIGIT in a low cost manner, either through regular savings, or a lump sum.


Outlook

The pendulum has swung within the equity market from concerns on deflation to a
preoccupation with inflation. The impact of this transition was felt in May/June
2006, when the UK equity market posted close to a 10% correction.  The market
moved on from this, reaching levels not seen since 2000, but the damaging impact
of untamed inflation should not be dismissed. This is particularly relevant
given the background in recent years of a plentiful supply of cheap debt, which
has helped support the level of corporate activity. Real interest rates are,
however, still low by historical standards and, with UK companies remaining in
sound financial health, valuations are not stretched. Your Manager can still
find opportunities within the market, at valuations it considers to be
attractive.

The Company's Annual General Meeting takes place in Edinburgh, on 3 May 2007,
and I look forward to seeing as many of you there as possible.


John Scott
Chairman
20 March 2007


INCOME STATEMENT (AUDITED)
                                          Year ended 31 January 2007          Year ended 31 January 2006
                                          Revenue     Capital       Total     Revenue    Capital       Total
                                            £'000       £'000       £'000       £'000      £'000       £'000

Realised gains on investments                   -      37,480      37,480           -     32,278      32,278
Unrealised gains on investments                 -      29,907      29,907           -     24,835      24,835
Currency losses                                 -         (4)         (4)           -          -           -
Income                                     17,988           -      17,988      17,314          -      17,314
Investment management fee                   (551)     (1,285)     (1,836)       (513)    (1,197)     (1,710)
Administrative expenses                     (633)           -       (633)       (677)          -       (677)
                                         ________    ________    ________    ________   ________    ________
Net return before finance costs and        16,804      66,098      82,902      16,124     55,916      72,040
taxation

Finance costs                             (1,049)     (2,447)     (3,496)     (1,604)   (26,821)    (28,425)
                                         ________    ________    ________    ________   ________    ________
Return on ordinary activities before       15,755      63,651      79,406      14,520     29,095      43,615
taxation

Taxation                                     (54)           -        (54)           -          -           -
                                         ________    ________    ________    ________   ________    ________
Return on ordinary activities after        15,701      63,651      79,352      14,520     29,095      43,615
taxation
                                         ________    ________    ________    ________   ________    ________

Return per Ordinary share (pence):          10.04       40.71       50.75        9.20      18.43       27.63
                                         ________    ________    ________    ________   ________    ________


The column of this statement headed 'Total' represents the profit and loss
account of the Company.

A Statement of Total Recognised Gains and Losses has not been prepared as all
gains and losses are recognised in the Income Statement.

All revenue and capital items in the above statement derive from continuing
operations.



BALANCE SHEET (AUDITED)

                                                                                    As at                 As at
                                                                          31 January 2007       31 January 2006
                                                                                    £'000                 £'000
Non-current assets
Investments at fair value through profit or loss                                  501,706               430,986
                                                                            _____________         _____________
Current assets
Debtors and prepayments                                                             1,553                 7,249
AAA money market funds                                                                950                11,150
Cash and short term deposits                                                        1,313                 9,496
                                                                            _____________         _____________
                                                                                    3,816                27,895
                                                                            _____________         _____________
Creditors: amounts falling due within one year
Bank loan                                                                        (20,000)              (25,000)
Other creditors                                                                   (1,014)               (7,186)
                                                                            _____________         _____________
                                                                                 (21,014)              (32,186)
                                                                            _____________         _____________
Net current liabilities                                                          (17,198)               (4,291)
                                                                            _____________         _____________
Total assets less current liabilities                                             484,508               426,695

Creditors: amounts falling due after more than one year                          (28,441)              (28,428)
                                                                            _____________         _____________
Net assets                                                                        456,067               398,267
                                                                            _____________         _____________

Capital and reserves
Called-up share capital                                                            38,492                39,300
Share premium account                                                               4,543                 4,543
Capital redemption reserve                                                          1,533                   725
Capital reserve - realised                                                        278,829               253,307
Capital reserve - unrealised                                                      112,674                82,767
Revenue reserve                                                                    19,996                17,625
                                                                            _____________         _____________
Equity Shareholders' funds                                                        456,067               398,267
                                                                            _____________         _____________

Adjusted net asset value per Ordinary share (pence):                               296.10                253.24
                                                                            _____________         _____________



RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS (AUDITED)


For the year ended 31 January 2007                Share      Capital   Capital      Capital
                                       Share    premium   redemption reserve -    reserve -    Revenue
                                     capital    account      reserve  realised   unrealised    reserve      Total
                                       £'000      £'000        £'000     £'000        £'000      £'000      £'000
Balance at 31 January 2006            39,300      4,543          725   253,307       82,767     17,625    398,267
Return on ordinary activities after        -          -            -    33,744       29,907     15,701     79,352
taxation
Dividends paid                             -          -            -         -            -   (13,330)   (13,330)
Purchase of own shares                 (808)          -          808   (8,222)            -          -    (8,222)
                                      ______    _______      _______   _______      _______    _______    _______
Balance at 31 January 2007            38,492      4,543        1,533   278,829      112,674     19,996    456,067
                                      ______    _______      _______   _______      _______    _______    _______

For the year ended 31 January 2006                Share      Capital   Capital      Capital
                                       Share    premium   redemption reserve -    reserve -    Revenue
                                     Capital    account      reserve  realised   unrealised    reserve      Total
                                       £'000      £'000        £'000     £'000        £'000      £'000      £'000
Balance at 31 January 2005 as         39,525      4,543          500   250,838       57,932     15,502    368,840
restated
Return on ordinary activities after        -          -            -     4,260       24,835     14,520     43,615
taxation
Dividends paid                             -          -            -         -            -   (12,397)   (12,397)
Purchase of own shares                 (225)          -          225   (1,791)            -          -    (1,791)
                                      ______    _______      _______   _______      _______    _______    _______
Balance at 31 January 2006            39,300      4,543          725   253,307       82,767     17,625    398,267
                                      ______    _______      _______   _______      _______    _______    _______



CASH FLOW STATEMENT (AUDITED)


                                                                         Year ended              Year ended
                                                                       31 January 2007         31 January 2006
                                                                      £'000       £'000       £'000       £'000
Net cash inflow from operating activities                                        15,276                  14,825

Servicing of finance
Interest paid                                                                   (3,486)                 (5,342)

Taxation
Overseas withholding tax paid                                                      (54)                       -

Financial investment
Purchases of investments                                          (122,359)               (153,224)
Sales of investments                                                118,796                 193,369
                                                                  _________   _________   _________   _________
Net cash (outflow)/inflow from financial investment                             (3,563)                  40,145

Equity dividends paid                                                          (13,330)                (12,397)
                                                                              _________               _________
Net cash (outflow)/inflow before use of liquid resources and                    (5,157)                  37,231
financing

Net cash inflow from management of liquid resources                              10,200                  12,050
                                                                              _________               _________
Net cash inflow before financing                                                  5,043                  49,281

Financing
(Repayment)/drawdown of loan                                        (5,000)                  25,000
Purchase of own shares                                              (8,222)                 (1,791)
Redemption/repurchase of Debenture Stock                                  -                (64,080)
                                                                  _________   _________   _________   _________
Net cash outflow from financing                                                (13,222)                (40,871)
                                                                              _________               _________
(Decrease)/increase in cash                                                     (8,179)                   8,410
                                                                              _________               _________
Reconciliation of net cash flow to movements in net funds
(Decrease)/increase in cash as above                                            (8,179)                   8,410
Exchange movements                                                                  (4)                       -
                                                                              _________               _________
Movement in net funds in the period                                             (8,183)                   8,410
Opening net funds                                                                 9,496                   1,086
                                                                              _________               _________
Closing net funds                                                                 1,313                   9,496
                                                                              _________               _________


NOTES
     

1. Accounting policies
          
   (a) Basis of accounting

       The financial statements have been prepared under the historical cost 
       convention as modified to include the revaluation of investments and in 
       accordance with the applicable UK Accounting Standards and with the 
       Statement of Recommended Practice 'Financial Statements of Investment 
       Trust Companies' (issued in 2003 and revised in December 2005). They have 
       also been prepared on the assumption that approval as an investment trust 
       will continue to be granted.

       The financial statements and the net asset value per share figures have 
       been prepared in accordance with UK Generally Accepted Accounting 
       Practice  (UK GAAP).
          
   (b) Revenue, expenses and interest payable

       Income from equity investments (other than special dividends), including 
       taxes deducted at source, is included in revenue by reference to the date 
       on which the investment is quoted ex-dividend. Special dividends are
       credited to revenue or capital according to the circumstances. Foreign 
       income is converted at the exchange rate applicable at the time of 
       receipt. Interest receivable on AAA rated money market funds and short 
       term deposits and expenses are accounted for on an accruals basis. Income 
       from underwriting commission is recognised as earned.  Interest payable 
       is calculated on an effective yield basis.

       Expenses are charged to capital when they are incurred in connection with 
       the maintenance or enhancement of the value of investments. In this 
       respect, the investment management fee and relevant finance costs are
       allocated between revenue and capital in line with the Board's 
       expectation of returns from the Company's investments over the long term 
       in the form of revenue and capital respectively.
        
   (c) Investments

       Investments have been designated upon initial recognition as fair value 
       through profit or loss. Investments are recognised and de-recognised at 
       trade date where a purchase or sale is under a contract whose terms 
       require delivery within the timeframe established by the market 
       concerned, and are measured initially at fair value. Subsequent to 
       initial recognition, investments are recognised at fair value through 
       profit or loss. For listed investments, this is deemed to be bid market 
       prices or closing prices for SETS stocks sourced from the London Stock 
       Exchange. SETS is the London Stock Exchange electronic trading service
       covering most of the market including all FTSE 100 constituents and most 
       liquid FTSE 250 constituents along with some other securities. Gains or 
       losses arising from changes in fair value are included in net profit or 
       loss for the period as a capital item in the Income Statement and are 
       ultimately recognised in the unrealised capital reserve.

   (d) Dividends payable

       Interim and final dividends are recognised in the period in which they 
       are paid.
       
   (e) Realised capital reserve

       Realised gains and losses on realisation of investments held at fair 
       value are recognised in the Income Statement and are ultimately 
       transferred to the realised capital reserve. In addition, any prior 
       unrealised gains or losses on such investments are transferred from the 
       unrealised capital reserve to the realised capital reserve on disposal of 
       the investment. The capital element of the management fee along with the 
       associated irrecoverable VAT and relevant finance costs are charged to 
       this reserve. Any associated tax relief is credited to this reserve.
         
   (f) Unrealised capital reserve

       Increases and decreases in the valuation of investments held at fair 
       value are recognised in the Income Statement and are ultimately 
       transferred to the unrealised capital reserve.

   (g) Deferred taxation

       Deferred taxation is recognised in respect of all temporary differences 
       that have originated but not reversed at the Balance Sheet date where 
       transactions or events that result in an obligation to pay more or a 
       right to pay less tax in future have occurred at the balance sheet date 
       measured on an undiscounted basis and based on enacted tax rates. This is 
       subject to deferred tax assets only being recognised if it is considered 
       more likely than not that there will be suitable profits from which the 
       future reversal of the underlying temporary differences can be deducted. 
       Temporary differences are differences arising between the Company's 
       taxable profits and its results as stated in the accounts which are 
       capable of reversal in one or more subsequent periods.

       Owing to the Company's status as an investment trust, and the intention 
       to continue meeting the conditions required to obtain approval in the 
       foreseeable future, the Company has not provided deferred tax on any 
       capital gains and losses arising on the revaluation or disposal of 
       investments.
       
   (h) Foreign currency

       The Company receives a small proportion of its investment income in 
       foreign currency. These amounts are translated at the rate ruling on the 
       date of receipt. Assets and liabilities in foreign currencies are 
       translated at the rates of exchange ruling on the Balance Sheet date.
     
2.   The Directors recommend that a final dividend of 5.9p per Ordinary share be 
     paid, making a total of 9.0p for the year ended 31 January 2007 (2006 -
     8.20p).  The final dividend will be paid on 8 May 2007 to Shareholders on 
     the register at 10 April 2007.  The ex-dividend date is 4 April 2007.

3.   The income statement, balance sheet, reconciliation of movements in
     shareholders' funds and the cashflow statement set out above do not 
     represent full accounts in accordance with Section 240 of the Companies Act 
     1985.  The financial information for the year ended 31 January 2006 has 
     been extracted from the Annual Report and Accounts of the Company which 
     have been filed with the Registrar of Companies.  The auditors' report on 
     those accounts was unqualified. The statutory accounts for 2007 are 
     unqualified and will be delivered to the Registrar of Companies following 
     the Company's Annual General Meeting which will be held at Donaldson House, 
     97 Haymarket Terrace, Edinburgh EH12 5HD on Thursday 3 May 2007 at 12 noon.
     
4.   The Annual Report and Accounts will be posted to shareholders at the end of 
     March 2007 and copies will be available from the registered office of the
     investment manager.


Please note that past performance is not necessarily a guide to the future and
that the value of investments and the income from them may fall as well as rise.
  Investors may not get back the amount they originally invested.


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            The company news service from the London Stock Exchange