Portfolio Update

Value & Income Trust plc
02 October 2007





              VALUE AND INCOME TRUST PLC - 10 LARGEST INVESTMENTS


The group announces that the ten largest investments (equities and properties)
as at close of business on 30 September 2007 were as follows:



Assets With Values Over 5% of Gross Assets

NAME                                               Market Value      % Ttl Gross
                                                                          Assets
VT GROUP PLC ORD GBP0.05                              8,610,000             5.15



Top 10 Portfolio Assets                            Market Value      % Ttl Gross
                                                                          Assets
VT GROUP PLC ORD GBP0.05                              8,610,000             5.15
ROYAL DUTCH SHELL EUR0.07 'B' SHS(UK LIST)            6,906,713             4.13
171/173 CUMNOR HILL OXFORD                            6,300,000             3.77
ROTORK ORD GBP0.05                                    6,060,000             3.62
BP ORD USD0.25                                        5,640,950             3.37
NATIONAL GRID TRANSCO ORD GBP0.11395                  5,047,392             3.02
SCOTTISH & NEWCASTLE ORD GBP0.20                      4,892,000             2.93
REACH ROAD DOVER                                      4,700,000             2.81
BT GROUP PLC GBP0.05                                  4,605,000             2.75
UNITS 1-7 BURLINGTON CENTRE ST ANNES ROAD WEST        4,550,000             2.72





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