Dividend Declaration

Investors Capital Trust PLC
10 September 2007



To:                RNS
From:              Investors Capital Trust plc
Date:              10 Sept 2007



Dividend and Capital Return

The Board of Investors Capital Trust plc announces a second quarter dividend of
1.325 pence per share on the A shares of the Company.  This dividend will be
paid on 9 November 2007 to A shareholders on the register on 5 October 2007.  A
first quarter capital return of 1.325 pence per share will be paid on the B
shares of the Company on 9 November 2007 to B shareholders on the register on 5
October 2007.  Capital returns on B shares are paid at the same time and in an
amount equal to each dividend paid on an A share.

The estimated dividend yield on an A share in respect of the period to 31 March
2008, in the absence of unforeseen circumstances, is 5.7 per cent. based on the
dividend assumptions in the Company's Prospectus (dated 18 January 2007) and the
A share price of 94.5 pence as at 7 September  2007. This compares favourably
with the yield on the FTSE All-Share Index of 2.99 per cent at the same date.

For those shareholders that hold units (each comprising 3 A shares and one B
share) the estimated distribution yield on this unit holding was 5.8 per cent
based on a unit price of 369.0 pence as at 7 September 2007.



Issued for:                         Investors Capital Trust plc

Issued by:                          F&C Investment Business Limited

Enquiries:                          Rodger McNair, Fund Manager
                                    Michael Campbell, Company Secretary

Telephone:                          0131 718 1000

Date:                               10  September 2007



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