Net Asset Value(s)

ACORN INCOME FUND (the "Company")

       (a closed-ended investment company incorporated in Guernsey with
                          registration number 34778)

Net Asset Values

As at the close of business on 08th May 2015 the estimated Net Asset Values of
the Company's shares are as follows:

                          Shares in
                  NAV     Issue         NAV Date

Cum-income NAV*   367.65p 15,468,332    08th May 2015

Ex-income NAV**   361.29p 15,468,332    08th May 2015

ZDP shares        123.71p 20,763,386    08th May 2015


*Cum-income net asset value includes all current year income, less the value
of any dividends which have been declared and marked ex dividend but not yet
paid.

**Ex-income net asset value excludes all current year income as well as the
value of any dividends which have been declared and marked ex-dividend.

Total assets less current liabilities as at the above date were GBP82.556
million. This amount excludes the liability for the ZDP Shares which mature on
31 January 2017. The portfolio has been valued using bid prices.

Net assets attributable to holders of Ordinary Shares as at the above date
were GBP56.869 million.

TOTAL NUMBER OF VOTING RIGHTS

The ZDP Shares shall not have the right to attend or vote at any general
meeting of the Company unless the business of the meeting includes any
resolution to vary, modify or abrogate any of the special rights attached to
the ZDP Shares. Accordingly, the total number of voting rights in the Company
is 15,468,332.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited
Harry Rouillard 44 (0)1481 745001

Date: 11th May 2015