Holding(s) in Company

RNS Number : 5011J

Value & Income Trust plc

03 December 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: n/a

An event changing the breakdown of voting rights: n/a

Other: n/a

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

Matthew Alan Oakeshott

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

Matthew Alan Oakeshott and Dr Philippa Oakeshott

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

2 December 2008

6. Date on which issuer notified:

2 December 2008

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

10%

8. Notified details:

n/a

A: Voting rights attached to shares

Class/type of shares if possible using the ISIN CODE	Situation previous to the Triggering transaction (vi)	Resulting situation after the triggering transaction (vi)
Ordinary 10 pence shares	4,557,085	n/a

Resulting situation after the triggering transaction (vii)

Class/type of shares if possible using the ISIN CODE

Number of shares

Number of voting rights (ix)

% of voting rights

Ordinary shares

4,607,085

Direct (x)

Indirect (xi)
n/a

Direct
10.0

Indirect
n/a

B: Financial Instruments: NIL

Resulting situation after the triggering transaction (xii)

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