First Quarter Results

Edinburgh New Income Trust plc
05 October 2006

EDINBURGH NEW INCOME TRUST PLC


5 October 2006

At a board meeting held today, the directors of Edinburgh New Income Trust plc
resolved that a first interim dividend of 1.2p (2005 - 1.0p) per ordinary share
(£246,228) be declared in respect of the quarter to 31 August 2006, payable on
10 November 2006 to shareholders on the register on 13 October 2006. The
ex-dividend date is 11 October 2006.

This increase is with a view to reduce the disparity between the level of the
first 3 interim dividends and the 4th interim dividend.  In the absence of
unforeseen circumstances, the Board intends to pay a further 2 interim dividends
of 1.2p each and a 4th interim dividend of 3.0p making a total net dividend of
6.6p for the year to 31 May 2007.


For further information please contact:

Ian Massie, Edinburgh Fund Managers plc                                   Tel: [phone]

Stewart Methven, Investment Manager, Edinburgh Fund Managers plc          Tel: [phone]



INCOME STATEMENT
                                                                           3 months ended 31 August 2006
                                                                         Revenue      Capital        Total
                                                                            £000         £000         £000
Realised gains on investments                                                  -          506          506
Unrealised gains on investments                                                -          463          463
Income                                                                       534            -          534
Investment management fee                                                   (40)         (40)         (80)
Administrative expenses                                                     (39)            -         (39)
                                                                        ________     ________     ________
Return on ordinary activities before finance costs and                       455          929        1,384
taxation
Finance costs appropriated to the ZDP shareholders                             -        (238)        (238)
                                                                        ________     ________     ________
Return on ordinary activities before taxation                                455          691        1,146
Taxation                                                                       -            -            -
                                                                        ________     ________     ________
Return on ordinary activities after taxation                                 455          691        1,146
                                                                        ________     ________     ________
Return per ordinary share                                                  2.22p        3.37p        5.59p
                                                                        ________     ________     ________

_________________________________________________________________________________


                                                                              Period ended 31 May 2006
                                                                         Revenue      Capital        Total
                                                                            £000         £000         £000
Realised gains on investments                                                  -        1,722        1,722
Unrealised gains on investments                                                -        3,208        3,208
Income                                                                     1,778            -        1,778
Investment management fee                                                  (149)        (149)        (298)
Administrative expenses                                                    (182)         (18)        (200)
                                                                        ________     ________     ________
Return on ordinary activities before finance costs and taxation            1,447        4,763        6,210
Finance costs appropriated to the ZDP shareholders                             -        (907)        (907)
                                                                        ________     ________     ________
Return on ordinary activities before taxation                              1,447        3,856        5,303
Taxation                                                                       -            -            -
                                                                        ________     ________     ________
Return on ordinary activities after taxation                               1,447        3,856        5,303
                                                                        ________     ________     ________
Return per ordinary share                                                  7.05p       18.79p       25.84p
                                                                        ________     ________     ________

The total column of this statement represents the profit and loss account of the
Company.

All revenue and capital items in the above statement derive from continuing
operations.

The Company has no recognised gains or losses other than those recognised in the
income statement above.






BALANCE SHEET
As at 31 August 2006
                                                                        At 31 August 2006     At 31 May 2006
                                                                                    £'000              £'000
Fixed assets
Investments                                                                        39,997             38,489
                                                                               __________         __________
Current assets
Debtors                                                                               445                185
Cash at bank                                                                        1,456              2,532
                                                                               __________         __________
                                                                                    1,901              2,717

Creditors: amounts falling due within one year                                      (128)              (204)
                                                                               __________         __________
Net current assets                                                                  1,773              2,513
                                                                               __________         __________
Total assets less current liabilities                                              41,770             41,770

Creditors: amounts falling due in more than one year                             (16,312)           (16,078)
                                                                               __________         __________
Net assets                                                                         25,458             24,928
                                                                               __________         __________

Capital and reserves
Called-up share capital                                                               205                205
Special reserve                                                                    20,035             20,035
Other reserves :
Capital reserve - realised                                                            876                648
Capital reserve - unrealised                                                        3,671              3,208
Revenue reserve                                                                       671                832
                                                                               __________         __________
Total Shareholders' funds                                                          25,458             25,928
                                                                               __________         __________
NAV per equity share                                                              124.07p            121.49p







Notes

The income statement and balance sheet set out above do not represent full
accounts in accordance with S240 of the Companies Act 1985.  The accounts have
been prepared in accordance with the SORP for Investment Trust Companies.


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