Net Asset Value(s)

Value & Income Trust plc
23 August 2005

VALUE AND INCOME TRUST PLC

Edinburgh Fund Managers plc, Company Secretary to Value and Income Trust plc,
announce the following unaudited Net Asset Values.  These figures do not include
any current year revenue items.

As at close of business on 31 July 2005.

Ordinary share (debt at par value) (p):   225.89
Ordinary share (debt at Fair Value) (p):  193.91



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