1st Quarter Results

Edinburgh New Income Trust plc
11 October 2005

EDINBURGH NEW INCOME TRUST PLC

11 October 2005



At a board meeting held today, the directors of Edinburgh New Income Trust plc
resolved that a first interim dividend of 1.0p per ordinary share (£205,191) be
declared in respect of the quarter to 31 August 2005, payable on 11 November
2005 to shareholders on the register on 21 October 2005. The ex-dividend date is
19 October 2005.



For further information please contact:

Ian Massie, Edinburgh Fund Managers plc              Tel: [phone]

David Binnie, Investment Manager, 
Edinburgh Fund Managers plc                          Tel: [phone]




The audited results for the quarter to 31 August 2005 are as follows:

STATEMENT OF TOTAL RETURN


                                                                          For the period 1 June 2005
                                                                              to 31 August 2005
                                                                      Revenue        Capital              Total
                                                                        £'000          £'000              £'000
Total gains on investments                                                  -            832                832
Investment income                                                         527              -                527
Deposit interest receivable                                                20              -                 20
Investment management fee                                                (35)           (35)               (70)
Other administrative expenses                                            (52)              -               (52)
NET RETURN BEFORE FINANCE COSTS AND  TAXATION                             460            797              1,257
Finance costs attributable to ZDP shareholders                              -          (222)              (222)
RETURN ON ORDINARY ACTIVITIES BEFORE TAXATION                             460            575              1,035
Taxation                                                                    -              -                  -
RETURN ATTRIBUTABLE TO EQUITY SHAREHOLDERS                                460            575              1,035
Dividends in respect of equity shares                                       -              -                  -
                                                                          460            575              1,035
RETURN PER ORDINARY SHARE                                               2.24p          2.80p              5.04p





The total column of this statement represents the profit and loss account of the
company. All revenue and capital items in the above statement derive from
continuing operations.




BALANCE SHEET
                                                                                 As at 31 August 2005
                                                                                                 £000
FIXED ASSETS
Investments                                                                                    34,708

CURRENT ASSETS
Debtors                                                                                           264
Cash and short term deposits                                                                    1,807
                                                                                                2,071
CREDITORS
Amounts falling due within one year                                                               115

NET CURRENT ASSETS                                                                              1,956

TOTAL ASSETS LESS CURRENT LIABILITIES                                                          36,664

CREDITORS
Amounts falling due after more than one year                                                   15,389
                                                                                               21,275
CAPITAL AND RESERVES
Ordinary share capital                                                                            205
Revenue reserves                                                                                  460
Other Reserves                                                                                 20,610

EQUITY SHAREHOLDERS' FUNDS                                                                     21,275

Net asset value per equity share                                                              103.69p


STATEMENT OF CHANGES IN EQUITY


                                        Ordinary     Ordinary     Capital      Capital
                                           share        share   reserve -    reserve -     Revenue
                                         capital      premium    realised   unrealised     reserve      Total
3 months ended 31 August 2005              £'000        £'000       £'000        £'000       £'000      £'000

Net profit on ordinary activities              -            -       (209)          784         460      1,035
after taxation
Dividends paid                                 -            -           -            -           -          -
Issue of ordinary shares                     205       20,314           -            -           -     20,519
Expenses of share issue                        -        (279)           -            -           -      (279)
                                             205       20,035       (209)          784         460     21,275






CASHFLOW STATEMENT


                                                                               For the period
                                                                               1 June 2005 to
                                                                               31 August 2005
                                                                                 £'000          £'000
Net return before finance costs and taxation                                                      460
Increase in accrued income                                                                      (247)
Increase in other debtors                                                                        (17)
Increase in creditors                                                                              98
Management fee charged to capital reserve - realised                                             (35)

Net cash inflow from operating activities                                                         259

Return on investment and servicing of finance
Interest paid                                                                                       -

Capital expenditure and financial investment
Purchase of investments                                                        (7,331)
Sale of investments                                                              1,253
                                                                                              (6,078)
Management of liquid resources                                                                      -

Net cash outflow before financing                                                             (5,819)

Financing
Issue Proceeds                                                                   7,892
Issue Expenses                                                                   (266)
Net cash inflow from financing                                                                  7,626

Increase in cash                                                                                1,807



Notes:

The statement of total return, balance sheet statement of changes in equity and
cash flow statement set out above do not represent full accounts in accordance
with Section 240 of the Companies Act 1985. The accounts have been prepared in
accordance with the Statement of Recommended Practice 'Financial Statements of
Investment Trust Companies'.



For Edinburgh New Income Trust plc

Company Secretary

END




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