Holding(s) in Company

Value & Income Trust plc
16 February 2007

                                                                      APPENDIX 3



TR-1i: NOTIFICATION OF MAJOR INTERESTS IN SHARES



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

            Value and Income Trust plc



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



An acquisition or disposal of voting rights: n/a



An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: n/a



An event changing the breakdown of voting rights: n/a



Other: Using the total voting rights figure of 45,549,975.  First notification
under DTR Sourcebook



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

            Legal & General Group Plc (L&G)




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):

            n/a



6.         Date on which issuer notified:

            16 February 2007



7.         Threshold(s) that is/are crossed or reached:

            Above 3% (L&G)



8.         Notified details:

            n/a



A: Voting rights attached to shares


Class/type of shares if possible      Situation previous to the          Resulting situation after the
using the ISIN CODE                  Triggering transaction (vi)         triggering  transaction (vi)
                                           Number of shares             Number of voting Rights (viii)
                                          1,432,966 = 3.14%                           n/a

                                   (under section 198 on 08/12/04)





Resulting situation after the triggering transaction (vii)


Class/type of shares if          Number of shares       Number of voting rights (ix)       % of voting rights
possible using the ISIN CODE
10p Ordinary                        1,475,777          Direct (x)     Indirect (xi)       Direct      Indirect
                                                          n/a           1,475,777           n/a        3.23%





B: Financial Instruments

Resulting situation after the triggering transaction (xii)


Type of         Expiration Date       Exercise/Conversion       Number of voting rights     % of voting rights
financial       (xiii)                Period/ Date (xiv)        that may be acquired if the
instrument                                                      instrument is exercised/
                                                                converted.
n/a             n/a                   n/a                       n/a                         n/a





Total (A+B)
   Number of voting rights          % of voting rights

          1,432,966                        3.23%





9.      Chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held, if applicable (xv):

Legal & General Group Plc (Direct and Indirect) (Group)

Legal & General Investment Management (Holdings) Limited (LGIMH) (Direct and Indirect)

Legal & General Investment Management Limited (Indirect) (LGIM)
Legal & General Group Plc (Direct) (L&G) (1,475,777- 3.23% = LGAS, LGPL & PMC)

Legal & General Investment Management (Holdings)      Legal & General Insurance Holdings Limited (Direct)
Limited (Direct) (LGIMHD)                             (LGIH)

Legal & General Assurance (Pensions Management)       Legal & General Assurance Society Limited  (LGAS & LGPL)
Limited  (PMC)
                                                      Legal & General Pensions Limited (Direct)  (LGPL)



Proxy Voting:



10.    Name of the proxy holder:

            n/a



11.       Number of voting rights proxy holder will cease to hold:

            n/a.



12. Date on which proxy holder will cease to hold voting rights:

            n/a.



13.       Additional information:

Notification using the total voting rights figure of 45,549,975.  First
notification under DTR Sourcebook.


14.       Contact name:

            Helen Lewis



15.       Contact telephone number:

            0207 528 6742.




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