Director/PDMR Shareholding

Value & Income Trust plc
31 January 2007

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS



1)  Name of company

    VALUE AND INCOME TRUST PLC



2)  State whether notification is in respect of a transaction notified in
accordance with DR 3.1.4R(1)(a) or DR 3.1.4R(1)(b) or both



    Both

3)  Name of director

    James Ferguson


4)      State whether notification relates to a person(s) connected with a
person discharging managerial responsibilities/director named in 3 above and
identify the connected person(s)


As 3) and connected

James Ferguson -                        17,500

James Ferguson Account JADF -           14,500

James Ferguson - Account WASF -         15,000

James Ferguson - 1997 settlement -      33,000

Mrs N H Ferguson -                      40,000



5) Indicate whether notification is in respect of a holding of the person named
in 3 or 4 above or in respect of a non-beneficial interest


    AS IN 3


6)  Class of security

    ORDINARY SHARES OF 10 PENCE

7)  Name of the registered shareholder(s) and, if more than one holder, the
number of shares held by each of them (if notified)

    As 4)



8)  State the nature of the transaction.



    Market transaction

9)  Number of shares/amount of stock acquired

    120,000 shares


10) Percentage of issued class acquired

    0.26%

11) Number of shares/amount of stock disposed

    -

12) Percentage of issued class disposed

    -
13) Price per share

    245.0 PENCE

14) Date of transaction

    26 January 2007

15) Total holding and percentage holding of issued class following this
notification

    720,000 ORDINARY SHARES OF 10P, 1.58%


16) Date company informed

    26 January 2007



Name of contact and telephone number for queries

STUART REID, FOR EDINBURGH FUND MANAGERS PLC, SECRETARIES

TEL: [phone]



Name and signature of authorised company official responsible for making this
notification
STUART REID


Date of Notification - 31 January 2007






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