Result of AGM

Value & Income Trust plc
07 July 2006

7 July 2006


VALUE AND INCOME TRUST PLC


Result of Annual General Meeting


The Board announces that at the Annual General Meeting held at Donaldson House,
97 Haymarket Terrace, Edinburgh, EH12 5HD, at 12.30 p.m. on Friday, 7 July 2006,
the Ordinary Resolutions numbered 1 to 10 and the Special Resolutions numbered
11 and 12, as set out in the Notice of Meeting, were passed.


The total number of proxy votes lodged for each resolution, excluding votes
withheld, is as follows:


            FOR/DISCRETION           AGAINST                      TOTAL
 Res.   No. of Votes % of       No. of         % of      No. of Votes  % of Shares in
  No.                Votes       Votes        votes                         Issue
                     Cast                      Cast

   1       5,750,747     99.57    24,862         0.43        5,775,609           12.68

   2       5,757,748     99.98     1,158         0.02        5,758,906           12.64

   3       5,775,609    100.00         -            -        5,775,609           12.68

   4       5,702,818     98.84    67,140         1.16        5,769,958           12.67

   5       4,980,051     87.32   723,379        12.68        5,703,430           12.52

   6       5,762,044     99.90     5,596         0.10        5,767,640           12.66

   7       5,631,185     97.59   138,773         2.41        5,769,958           12.67

   8       5,770,863    100.00         -            -        5,770,863           12.67

   9       5,771,339    100.00         -            -        5,771,339           12.67

  10       5,724,144     99.52    27,500         0.48        5,751,644           12.63

  11       5,711,349     99.09    52,585         0.91        5,763,934           12.65

  12       5,725,920     99.29    40,809         0.71        5,766,729           12.66




Passing of Resolutions under Special Business


A copy of the resolutions under passed under Special Business has been submitted
to the UK Listing Authority and will shortly be available for inspection at the
UK Listing Authority's Document Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS


Enquiries:

Stuart Reid
Edinburgh Fund Managers PLC
Secretaries
Tel. [phone]


END


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