Holding(s) in Company

Value & Income Trust plc
16 March 2007

                                                                      APPENDIX 3



TR-1i: NOTIFICATION OF MAJOR INTERESTS IN SHARES



(1).      Identity of the issuer or the underlying issuer of existing shares to
which voting rights are attached (ii):

            Value and Income Trust plc



2.         Reason for the notification (please state 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: No



An event changing the breakdown of voting rights: No



3.         Full name of person(s) subject to the notification obligation (iii):

            Lloyds TSB Group plc


4.         Full name of shareholder(s) (if different from 3.) (iv):

            n/a



5.         Date of the transaction and date on which the threshold is crossed or
  reached (v):

            n/a



6.         Date on which issuer notified:

            15 March 2007



7.         Threshold(s) that is/are crossed or reached:

            n/a



8.         Notified details:

            n/a



A: Voting rights attached to shares


Class/type of shares if possible      Situation previous to the          Resulting situation after the
using the ISIN CODE                  Triggering transaction (vi)         triggering  transaction (vi)
0848471                                    Number of shares             Number of voting Rights (viii)
                                                 n/a                                  n/a





Resulting situation after the triggering transaction (vii)


Class/type of shares if          Number of shares       Number of voting rights (ix)       % of voting rights
possible using the ISIN CODE
0848471                                n/a             Direct (x)     Indirect (xi)       Direct      Indirect
                                                          n/a           1,911,231           n/a        4.196%





B: Financial Instruments

Resulting situation after the triggering transaction (xii)


Type of         Expiration Date       Exercise/Conversion       Number of voting rights     % of voting rights
financial       (xiii)                Period/ Date (xiv)        that may be acquired if the
instrument                                                      instrument is exercised/
                                                                converted.
n/a             n/a                   n/a                       n/a                         n/a





Total (A+B)
   Number of voting rights          % of voting rights

          1,911,231                       4.196%





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

            n/a



Proxy Voting:



10.    Name of the proxy holder:

            n/a



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

            n/a.



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

            n/a.



13.       Additional information:

n/a.


14.       Contact name:

            Judith Wynne, Aberdeen Asset Managers Ltd



15.       Contact telephone number:

            0131 313 6436




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