Net Asset Value(s)

ACORN INCOME FUND LIMITED (the "Company")                    

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

Net Asset Values

As at the close of business on 09th March 2016 the estimated Net Asset Values
of the Company's shares are as follows:

                        NAV       Shares in      NAV Date          
                                  Issue                            
                                                                   
Cum-income NAV*         383.50p   15,910,692     09th March 2016   
                                                                   
Ex-income NAV**         381.78    15,910,692     09th March 2016   
                                                                   
ZDP shares              130.43p   21,357,174     09th March 2016   

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

**Ex-income net asset value is the Cum-income NAV excluding net current year
income (net current year income being all current year income, less the value
of any dividends paid in respect of the period together with the value of any
dividends which have been declared and marked ex-dividend but not yet paid).
Any undistributed income from the prior year is moved to reserves on the first
business day of the new period, meaning that all ex-income NAVs released during
a financial year equate to the cum-income NAV less year to date undistributed
income.  

Total assets less current liabilities as at the above date were GBP
88.874million. 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
GBP 61.018 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 15,910,692

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Harry Rouillard 44 (0)1481 745001

Date: 11th March 2016