1st Quarter Results

Edinburgh New Income Trust plc 25 September 2007 EDINBURGH NEW INCOME TRUST PLC 25 September 2007 At a board meeting held today, the directors of Edinburgh New Income Trust plc resolved that a first interim dividend of 1.3 p (2006 - 1.2p) per ordinary share (£266,747) be declared in respect of the year to 31 May 2008, payable on 26 October 2007 to shareholders on the register on 5 October 2007. The ex-dividend date is 3 October 2007. In the absence of unforeseen circumstances, the Board intends to pay a further 2 interim dividends of 1.3p each and a 4th interim dividend of 3.1p making a total net dividend of 7.0p for the year to 31 May 2008. For further information please contact: Ian Massie, Edinburgh Fund Managers plc Tel: 0131-313-1000 Stewart Methven, Investment Manager, Edinburgh Fund Managers plc Tel: 0131-313-1000 INCOME STATEMENT 3 months ended 31 August 2007 Revenue Capital Total £000 £000 £000 Realised gains on investments - 82 82 Unrealised gains on investments - (3,413) (3,413) Income 597 - 597 Investment management fee (40) (40) (80) Administrative expenses (57) - (57) ________ ________ ________ Return on ordinary activities before finance costs and 500 (3,371) (2,871) taxation Finance costs appropriated to the ZDP shareholders - (252) (252) ________ ________ ________ Return on ordinary activities before and after taxation 500 (3,623) (3,123) ________ ________ ________ Return per ordinary share 2.44p (17.66p) (15.22p) ________ ________ ________ Year ended 31 May 2007 Revenue Capital Total £'000 £'000 £'000 Realised gains on investments 2,467 2,467 Unrealised gains on investments 5,184 5,184 Income 1,862 1,862 Investment management fee (176) (176) (352) Administration expenses (154) (154) ________ ________ ________ Return on ordinary activities before finance costs and taxation 1,532 7,475 9,007 Finance costs of ZDP Shareholders - (964) (964) ________ ________ ________ Return on ordinary activities before and after taxation 1,532 6,511 8,043 ________ ________ ________ Return per Ordinary share (pence) 7.47 31.73 39.20 ________ ________ ________ 3 months ended 31 August 2006 Revenue Capital Total £000 £000 £000 Realised gains on investments - 506 506 Unrealised gains on investments - 463 463 Income 534 - 534 Investment management fee (40) (40) (80) Administrative expenses (39) - (39) ________ ________ ________ Return on ordinary activities before finance costs and 455 929 1,384 taxation Finance costs appropriated to the ZDP shareholders - (238) (238) ________ ________ ________ Return on ordinary activities before and after taxation 455 691 1,146 ________ ________ ________ Return per ordinary share 2.22p 3.37p 5.59p ________ ________ ________ 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. The Company has no recognised gains or losses other than those recognised in the income statement above. BALANCE SHEET At 31 August 2007 At 31 May 2007 At 31 August 2006 £'000 £'000 £'000 Fixed assets Investments 41,664 44,413 39,997 __________ __________ __________ Current assets Debtors 327 264 445 Cash at bank 3,367 4,114 1,456 __________ __________ __________ 3,694 4,378 1,901 Creditors: amounts falling due within one year (184) (132) (128) __________ __________ __________ Net current assets 3,510 4,246 1,773 __________ __________ __________ Total assets less current liabilities 45,172 48,649 41,770 Creditors: amounts falling due in more than one year (17,291) (17,038) (16,312) __________ __________ __________ Net assets 27,883 31,621 25,458 __________ __________ __________ Capital and reserves Called-up share capital 205 205 205 Special reserve 20,035 20,035 20,035 Other reserves : Capital reserve - realised 1,768 1,979 876 Capital reserve - unrealised 4,979 8,392 3,671 Revenue reserve 896 1,010 671 __________ __________ __________ Total Shareholders' funds 27,883 31,621 25,458 __________ __________ __________ NAV per equity share 135.89p 154.1p 124.07p Notes The income statement and balance sheet set out above do not represent full accounts in accordance with S240 of the Companies Act 1985. The accounts have been prepared in accordance with the SORP for Investment Trust Companies. This information is provided by RNS The company news service from the London Stock Exchange

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