Holding(s) in Company

RNS Number : 6841F

North American Income Trust (The)

19 June 2012

TR-1i: NOTIFICATION OF MAJOR INTERESTS IN SHARESⁱ

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:ⁱⁱ

The North American Income Trust plc

2. Reason for the notification (please state Yes/No):

An acquisition or disposal of voting rights: Yes

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: No

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments: No

An event changing the breakdown of voting rights: No

Other: No

3. Full name of person(s) subject to the notification obligation: ⁱⁱⁱ

Quilter & Co Ltd t/a Quilter

4. Full name of shareholder(s) (if different from 3.): ^iv

n/a

5. Date of the transaction and date on which the threshold is crossed or reached: ^v

18 June 2012

6. Date on which issuer notified:

19 June 2012

7. Threshold(s) that is/are crossed or reached: ^{vi, vii}

Below 5%

8. Notified details:

n/a

A: Voting rights attached to shares ^{viii, ix}

Situation previous to the Triggering transaction

Class/type of shares if possible using the ISIN CODE

Number of shares

Number of voting rights

Ordinary Shares
GB0000293620

1,723,984

Resulting situation after the triggering transaction (vii)

Class/type of shares if possible using the ISIN CODE	Number of shares	Number of voting rights		% of voting rights^x
		Direct	Indirect ^xi	Direct	Indirect
Ordinary Shares GB0000293620	1,326,254	n/a	1,326,254	n/a	4.21%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument	Expiration Date ^xiii	Exercise/Conversion Period/ Date ^xiv	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights
N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments ^{xv, xvi}

Resulting situation after the triggering transaction

Type of financial instrument	Exercise price	Expiration Date ^xvii	Exercise/Conversion Period ^xviii	Number of voting rights instrument refers to	% of voting rights ^{xix, xx}
					Nominal	Delta