Portfolio Update

Value & Income Trust plc
03 April 2007



              VALUE AND INCOME TRUST PLC - 10 LARGEST INVESTMENTS


The group announces that the ten largest investments (equities and properties)
as at close of business on 31 March 2007 were as follows:


Assets With Values Over 5% of Gross Assets

NAME                                                Market Value     % Ttl Gross
                                                                          Assets
Top 10 Portfolio Assets

VT GROUP PLC                                           7,569,100            4.37
LEGAL & GENERAL GROUP                                  7,155,000            4.13
171/173 CUMNOR HILL OXFORD                             6,300,000            3.64
ROYAL DUTCH SHELL                                      5,804,797            3.35
BP ORD                                                 5,486,880            3.17
RESTAURANT GROUP                                       5,475,000            3.16
NATIONAL GRID TRANSCO                                  5,134,305            2.96
ROTORK                                                 5,085,000            2.93
SCOTTISH & NEWCASTLE                                   4,812,000            2.78
UNITS 1-7 BURLINGTON CENTRE ST ANNES ROAD WEST         4,650,000            2.68




                      This information is provided by RNS
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