Holding(s) in Company

Acorn Income Fund Ld
17 April 2008


Form TR-1 with annex. FSA Version 2.1 updated April 2007

For filings with the FSA include the annex
For filings with issuer exclude the annex

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer ACORN INCOME FUND
of existing shares to which voting rights are      --------------------
attached:
------------------------------
2. Reason for notification (yes/no)
------------------------------------------------
                                                      
An acquisition or disposal of voting rights           Yes
------------------------------------------            
An acquisition or disposal of financial instruments which may result in
the acquisition of shares already issued to which voting rights are        
attached
------------------------------------------
An event changing the breakdown of voting rights
------------------------------------------                                 
Other (please specify):______________
------------------------------------------                                 
3. Full name of person(s) subject to       PREMIER FUND MANAGERS LIMITED
notification obligation:                   ------------------------
--------------------------
4. Full name of shareholder(s) (if
different from 3):                                            
--------------------------
5. Date of transaction (and date on which  16 APRIL 2008
the threshold is crossed or reached if     ------------------------
different):
--------------------------
6. Date on which issuer notified:          17 APRIL 2008
--------------------------                 ------------------------
7. Threshold(s) that is/are crossed or     BELOW 10%
reached:                                   ------------------------
--------------------------



8: Notified Details
A: Voting rights attached to shares
Class/type of   Situation previous   Resulting situation after the triggering
shares          to the triggering    transaction
                transaction
If possible use
ISIN code       Number of  Number of Number of  Number of voting    Percentage of
                shares     voting    shares     rights              voting rights
                           rights               Direct    Indirect  Direct    Indirect
GB0004829437     917,510              506,060    506,060             5.66%

B: Financial Instruments
Resulting situation after the triggering transaction
Type of     Expiration Exercise/     No. of voting rights that may   Percentage
financial   date       conversion    be acquired (if the instrument  of voting
instrument             period/date   exercised/converted)            rights



Total (A+B)
Number of voting rights              Percentage of voting rights
          506,060                                        5.66%

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


Proxy Voting:

10. Name of proxy holder:

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

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


13. Additional information:

14 Contact name:

15. Contact telephone name:




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