3rd Quarter Results

Edinburgh New Income Trust plc 12 April 2006 EDINBURGH NEW INCOME TRUST PLC 12 April 2006 At a board meeting held today, the directors of Edinburgh New Income Trust plc resolved that a third interim dividend of 1.0p per ordinary share (£205,191) be declared in respect of the year to 31 May 2006, payable on 19 May 2006 to shareholders on the register on 28 April 2006. The ex-dividend date is 26 April 2006. As set out in the prospectus and in the absence of an unexpected deterioration in dividend receipts, the board anticipates paying dividends totalling 6.0p for the full financial year. For further information please contact: Stewart Methven, Investment Manager, Edinburgh Fund Managers plc Tel: 0131-313-1000 The unaudited results for the nine months to 28 February 2006 are as follows: INCOME STATEMENT Period ended 28 February 2006 Revenue Capital Total £000 £000 £000 Realised gains on investments - 356 356 Unrealised gains on investments - 5,409 5,409 Income 1,008 - 1,008 Investment management fee (110) (110) (220) Administrative expenses (163) - (163) _________ _________ _________ Return on ordinary activities before finance costs and taxation 735 5,655 6,389 Finance costs appropriated to the ZDP shareholders - (673) (673) _________ _________ _________ Return on ordinary activities before taxation 735 4,982 5,717 Taxation - - - _________ _________ _________ Return on ordinary activities after taxation 735 4,982 5,717 _________ _________ _________ Return per ordinary share 3.58p 24.28p 27.86p _________ _________ _________ The total column of this statement represents the profit and loss account of the Company. All revenue and capital items in the above statement derive from continuing operations. The Company has no recognised gains or losses other than those recognised in the income statement above. The accompanying notes are an integral part of the financial statements BALANCE SHEET As at 28 February 2006 £000 £000 FIXED ASSETS Investments at fair value through profit or loss 40,193 _________ 40,193 CURRENT ASSETS Debtors 63 Cash and short term deposits 1,299 _________ 1,362 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR (168) _________ NET CURRENT ASSETS 1,194 CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR (15,840) _________ 25,547 _________ CAPITAL AND RESERVES Ordinary share capital 205 Share premium - Special reserve 20,035 Capital reserve - realised (427) Capital reserve - unrealised 5,409 Revenue reserve 325 _________ TOTAL SHAREHOLDERS' FUNDS 25,547 _________ NET ASSET VALUE PER EQUITY SHARE 124.50p RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS Ordinary Ordinary Capital Capital share share Special reserve - reserve - Revenue capital premium reserve realised unrealised reserve Total Period ended 28 February 2006 £000 £000 £000 £000 £000 £000 £000 Return on ordinary activities after taxation - - - (427) 5,409 735 5,717 Dividends paid - - - - - (410) (410) Issue of ordinary shares 205 20,314 - - - - 20,519 Expenses of share issue - (279) - - - - (279) Cancellation of share premium - (20,035) 20,035 - - - - _______ _______ _______ _______ _______ _______ _______ Balance at 28 February 2006 205 - 20,035 (427) 5,409 342 25,547 _______ _______ _______ _______ _______ _______ _______ CASHFLOW STATEMENT Period ended 28 February 2006 £000 £000 NET CASH INFLOW FROM OPERATING ACTIVITIES 737 FINANCIAL INVESTMENT Purchase of investments (10,378) Sales of investments 3,738 _________ NET CASH OUTFLOW FROM FINANCIAL INVESTMENT (6,640) EQUITY DIVIDENDS PAID (410) _________ NET CASH OUTFLOW BEFORE FINANCING (6,314) FINANCING Issue proceeds 7,892 Issue expenses (279) _________ NET CASH INFLOW FROM FINANCING 7,613 _________ INCREASE IN CASH 1,299 _________ Notes: The income statement, balance sheet, reconciliation of movement in shareholders' funds and cash flow statement set out above do not represent full accounts in accordance with Section 240 of the Companies Act 1985. The accounts have been prepared in accordance with the Statement of Recommended Practice 'Financial Statements of Investment Trust Companies'. For Edinburgh New Income Trust plc Company Secretary END This information is provided by RNS The company news service from the London Stock Exchange

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