Result of AGM

Value & Income Trust PLC
3 July 2000


ANNUAL GENERAL MEETING - RESOLUTION REGARDING PURCHASE OF ORDINARY SHARES /
RETIREMENTS FROM OFFICE

At the Annual General Meeting held today a resolution seeking shareholder
approval for the Company to have the general authority to purchase its own   
Ordinary shares was passed. The Company was authorised to purchase in the
market up to 6,827,941 Ordinary Shares (currently 14.99% of it's ordinary
share capital in issue, being the maximum permitted under the Listing Rules of
the UK Listing Authority in respect of a general authority granted by
shareholders without the requirement to make a tender or partial offer). This
is in substitution for the authority granted at the AGM last year.

Ordinary shares which are purchased by the Company will automatically be
cancelled, thereby reducing the Company's issued share capital. Purchases by
the Company of its own Ordinary Shares will only be made at a level which
enhances the net asset value per share, and when the board considers it is in
the best interests of the shareholders. In making purchases the Company will
deal through the market.

The authority to purchase its own Ordinary Shares will expire at the Company's
Annual General Meeting to be held in 2001 and the Directors will consider
seeking shareholder approval for its renewal at that meeting.

RETIREMENTS FROM OFFICE

Lord Thomson announced that as referred to in the Trust's Annual Report he was
retiring as Chairman and as a Director of the Trust at the conclusion of the
Annual General Meeting. Mr Murray was also retiring as a director at the
conclusion of the Annual General Meeting. James Ferguson has replaced Lord
Thomson as Chairman.
 

Further Enquiries:

James Ayling
Stewart Ivory & Company Limited
Tel: [phone]