Holding(s) in Company

Value & Income Trust plc
07 March 2008

                                                                      APPENDIX 3


TR-1i: NOTIFICATION OF MAJOR INTERESTS IN SHARES

     
(1). Identity of the issuer or the underlying issuer of existing shares to
     which voting rights are attached (ii):

     Value and Income Trust plc
     
2.   Reason for the notification (please state Yes/No):

     An acquisition or disposal of voting rights: Yes

     An acquisition or disposal of financial instruments which may result in 
     the acquisition of shares already issued to which voting rights are 
     attached: No

     An event changing the breakdown of voting rights: No


3.   Full name of person(s) subject to the notification obligation (iii):

     Lloyds TSB Group plc


4.   Full name of shareholder(s) (if different from 3.) (iv):

     n/a


5.   Date of the transaction and date on which the threshold is crossed or
     reached (v):

     5th March 2008


6.   Date on which issuer notified:

     7th March 2008


7.   Threshold(s) that is/are crossed or reached:

     Fallen below 4%

     
8.   Notified details:

     n/a


A: Voting rights attached to shares


Class/type of shares if possible      Situation previous to the          Resulting situation after the
using the ISIN CODE                  Triggering transaction (vi)         triggering  transaction (vi)
                                           Number of shares             Number of voting Rights (viii)
                                              1,916,011                            1,916,011
0848471




Resulting situation after the triggering transaction (vii)


Class/type of shares if          Number of shares       Number of voting rights (ix)       % of voting rights
possible using the ISIN CODE
0848471                              107,832           Direct (x)     Indirect (xi)       Direct      Indirect
                                                          n/a            107,832            n/a        0.237%


B: Financial Instruments

Resulting situation after the triggering transaction (xii)


Type of         Expiration Date       Exercise/Conversion       Number of voting rights     % of voting rights
financial       (xiii)                Period/ Date (xiv)        that may be acquired if the
instrument                                                      instrument is exercised/
                                                                converted.
n/a             n/a                   n/a                       n/a                         n/a



Total (A+B)
   Number of voting rights          % of voting rights

          107,832                        0.237%



9.   Chain of controlled undertakings through which the voting rights and/or
     the financial instruments are effectively held, if applicable (xv):

     88,964 Shares are held by Perry Nominees Ltd, a wholly owned subsidiary of
     Lloyds TSB Bank Plc, a wholly owned subsidiary of Lloyds TSB Group Plc.

     18,868 Shares are held by Lloyds Bank (Pep) Nominees Ltd, a wholly owned
     subsidiary of Lloyds TSB Bank Plc, a wholly owned subsidiary of Lloyds TSB 
     Group Plc.


Proxy Voting:

     
10.  Name of the proxy holder:

     n/a

     
11.  Number of voting rights proxy holder will cease to hold:

     n/a.


12. Date on which proxy holder will cease to hold voting rights:

     n/a.


13.  Additional information:

     n/a.
     

14.  Contact name:

     Judith Wynne, Aberdeen Asset Managers Ltd


15.  Contact telephone number:
     
     0131 313 6436


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