Issue of Equity

Edinburgh New Income Trust PLC
01 June 2005



EDINBURGH NEW INCOME TRUST PLC



ISSUE OF SHARES


1 JUNE 2005


The board of Edinburgh New Income Trust plc (the 'Company') is pleased to
announce the results of the issue of shares in the Company pursuant to the
scheme of reconstruction (the 'Scheme') of Edinburgh High Income Trust plc,
Edinburgh High Zeros 2005 plc, Edinburgh Income and Value Trust plc and
Edinburgh Value Zeros plc and to a placing sponsored by Close Brothers
Securities (the 'Placing').


As a result of the subscriptions accepted under the Scheme and the Placing:

•     The proceeds before costs of the issue were approximately £35.7 million;

•     The Company's share capital comprises 20,519,056 Ordinary Shares and 
      15,166,618 Zero Dividend Preference Shares, representing approximately 
      57.5% and 42.5% respectively of the issued capital.  Of this share capital, 
      4,781,256 New Ordinary Shares and 1,593,752 New ZDP Shares will be issued
      within units comprising three Ordinary Shares and one Zero Dividend 
      Preference Share (the 'Units').

Dealings in the Ordinary Shares, Zero Dividend Preference Shares and Units
commenced at 8 a.m. on 1 June 2005 and CREST stock accounts have been credited
with Ordinary Shares, Zero Dividend Preference Shares and Units issued in
uncertificated form.  Certificates for the Ordinary Shares, Zero Dividend
Preference Shares and Units to be issued in certificated form will be despatched
on 6 June 2005.


For further information, please contact:

Ian Massie / William Hemmings
Aberdeen Asset Management
Tel. [phone]

Fiona Piper
Maitland
Tel: [phone]



Close Brothers Securities, a division of Winterflood Securities Limited which is
authorised and regulated in the United Kingdom by the Financial Services
Authority, is acting for Edinburgh New Income Trust plc in relation to its issue
of shares and for no other person and will not be responsible to any other
person other than these companies for providing the protections offered to
customers of Close Brothers Securities or for providing advice in relation to
the issue.




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