Director/PDMR Shareholding

Value & Income Trust plc
08 December 2005


NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS

1)  Name of company

    VALUE AND INCOME TRUST PLC

2)  State whether notification is in respect of a transaction notified in
accordance with DR 3.1.4R(1)(a) or DR 3.1.4R(1)(b) or both

    Both

3)  Name of director

    Matthew Oakeshott

4)      State whether notification relates to a person(s) connected with a
person discharging managerial responsibilities/director named in 3 above and
identify the connected person(s)

On behalf of Directors named in 3 above and spouse of Director named in 3,
above.

5) Indicate whether notification is in respect of a holding of the person named
in 3 or 4 above or in respect of a non-beneficial interest

    AS IN 3


6)  Class of security

    ORDINARY SHARES OF 10 PENCE

7)  Name of the registered shareholder(s) and, if more than one holder, the
number of shares held by each of them (if notified)

    Giltspur Nominees Ltd

8)  State the nature of the transaction.

    Market transaction

9)  Number of shares/amount of stock acquired

    50,000

10) Percentage of issued class acquired

    0.11%

11) Number of shares/amount of stock disposed

    -

12) Percentage of issued class disposed

    -
13) Price per share

    201.5 PENCE

14) Date of transaction

    8 December 2005

15) Total holding and percentage holding of issued class following this
notification

    2,690,414 ORDINARY SHARES OF 10P, 5.91%

16) Date company informed

    8 December 2005

Name of contact and telephone number for queries

STUART REID, FOR EDINBURGH FUND MANAGERS PLC, SECRETARIES
TEL: [phone]

Name and signature of authorised company official responsible for making this
notification
STUART REID

Date of Notification - 8 December 2005


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