Portfolio Update

Value & Income Trust plc
03 July 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 June 2007 were as follows:

Assets With Values Over 5% of Gross Assets
NAME                                                                              Market Value      % Ttl Gross
                                                                                                         Assets
VT GROUP PLC                                                                         9,055,200             5.21

Top 10 Portfolio Assets
NAME                                                                              Market Value      % Ttl Gross
                                                                                                         Assets
VT GROUP PLC                                                                         9,055,200             5.21
ROYAL DUTCH SHELL                                                                    7,150,439             4.12
171/173 CUMNOR HILL OXFORD                                                           6,300,000             3.63
BP                                                                                   5,993,820             3.45
ROTORK                                                                               5,478,000             3.15
SCOTTISH & NEWCASTLE                                                                 5,124,000             2.95
BT GROUP PLC                                                                         4,987,500             2.87
RESTAURANT GROUP                                                                     4,950,000             2.85
VODAFONE GROUP                                                                       4,908,150             2.82
NATIONAL GRID TRANSCO                                                                4,751,244             2.73




                      This information is provided by RNS
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