Interim Management Statement

Dunedin Income Growth Inv Tst PLC
24 May 2007


Dunedin Income Growth Investment Trust PLC
Interim Management Statement - 3 months to 30 April 2007


To the members of Dunedin Income Growth Investment Trust PLC

This interim management statement has been produced solely to provide additional
information to shareholders as a body to meet the relevant requirements of the
UK Listing Authority's Disclosure and Transparency Rules. It should not be
relied upon by any other party or for any other purpose.

This interim management statement relates to the period from 1 February 2007 to
30 April 2007, and contains information that covers this period, and up to the
date of publication of this interim management statement, unless otherwise
specified.

Investment objective

To achieve growth of income and capital from a portfolio invested predominantly
in companies listed or quoted in the United Kingdom

Benchmark

FTSE All-Share Index.

Material events

The management fee, with effect from 1 February 2007, is calculated at 0.45% on
the first £225 million, 0.35% on the next £200 million and 0.25% over £425
million per annum of the net assets of the Company, with debt at par and
excluding commonly managed funds.

Material transactions

During the 3 month period to end April 2007 the Company purchased 743,567
ordinary shares of 25p each which are being held in treasury.  Since 30 April
2007 until 23 May 2007 the Company has purchased 115,413 ordinary shares of 25p
each which are being held in treasury.  Additionally on 1 May 2007 1,972,800
ordinary shares of 25p each which had been held in treasury were cancelled.  As
at 23 May 2007 the Company's issued ordinary share capital is 153,110,654
(excluding treasury shares) and 155,677,935 (including treasury shares) ordinary
shares of 25p each.  The number of ordinary shares of 25p held in treasury is
2,567,281.

At the end of February, the Company drew down a further £3m of the variable rate
loan facility, taking the total amount drawn to £23m. Since then, the manager
has repaid this additional funding, resulting in borrowings at the period end of
£48.6m represented by £20m of the variable rate loan facility and £28.6m of the
7 7/8% debenture, when valued at par.

Twenty largest equity holdings at 30 April 2007
                                            %
Royal Dutch Shell 'B'                      4.6
Royal Bank of Scotland                     3.8
BP                                         3.7
HSBC                                       3.6
Barclays                                   3.5
BT                                         3.4
GlaxoSmithKline                            3.2
Vodafone                                   2.8
Centrica                                   2.7
Lloyds TSB                                 2.5
British American Tobacco                   2.4
Anglo American                             2.2
Premier Foods                              2.1
Legal & General                            2.0
Aviva                                      2.0
Friends Provident                          2.0
Imperial Tobacco                           1.9
AstraZeneca                                1.9
Resolution                                 1.9
National Grid                              1.8
Total                                      54.0


Sector allocation as at 30 April 2007
                                 %
Financials                      26.6
Consumer Goods                  15.0
Consumer Services               14.1
Industrials                     12.1
Oil & Gas                       11.6
Telecommunications              6.2
Utilities                       5.6
Health Care                     5.0
Basic Materials                 3.8
Total                          100.0


General description of Company's financial position and performance as at 30
April 2007

                                                     £m
Gross Assets                                         510.2
Short term borrowings                                23.0
7.875% Debenture 2019                                28.6

Actual gearing                                       11.3%


Cumulative performance (%)*
                              As at     3 months     6 months    1 year      3 years      5 years
                      30 April 2007
Share price                  272.0p          4.0         10.5      20.8         75.5         52.1
NAV                          299.3p          5.2         11.8      18.5         61.0         48.5
FTSE All-Share                               5.7          8.6      12.7         65.1         57.3

Discrete performance (%)*
Year ending              30/04/07      30/04/06      30/04/05      30/04/04     30/04/03


Share price                  20.8          27.9          13.5          21.2       (28.5)
NAV                          18.5          23.3          10.3          23.4       (25.3)
FTSE All-Share               12.7          32.4          10.7          22.2       (22.0)


*Total Return; Net Income Reinvested, GBP
Source: Aberdeen Asset Managers Limited, Factset, Financial Times and Fundamental Data
The £40m 11.5% 2016 debenture stock was redeemed in August 2005, at a premium over par value of
£22.8m

The Board is not aware of any significant events or transactions which have
occurred between 30 April 2007 and the date of publication of this interim
management statement which would have a material impact on the financial
position of the Company. For latest performance information, please refer to the
Company's website, www.dunedinincomegrowth.co.uk.

Please note that past performance is not necessarily a guide to the future and
that the value of investments and the income from them may fall as well as rise.
  Investors may not get back the amount they originally invested.


For Dunedin Income Growth Investment Trust PLC
Aberdeen Asset Management PLC, Secretary
24 May 2007



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