Holding(s) in Company

SCHEDULE 10 NOTIFICATION OF MAJOR INTERESTS IN SHARES 1) Name of company Value and Income Trust plc 2) Name of shareholder having a major interest The Scottish American Investment Company PLC 3) Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 Of 2 above 4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them not disclosed 5) Number of shares/amount of stock acquired Not disclosed. 6) Percentage of issued class n/a 7) Number of shares/amount of stock disposed 200,000 8) Percentage of issued class 0.4% 9) Class of security Ordinary 10p 10) Date of transaction 4 December 2002 11) Date company informed 21 January 2003 12) Total holding following this notification 2,459,500 13) Total percentage holding of issued class following this notification 5.4% 14) Any additional information No 15) Name of contact and telephone number for queries Amanda Fraser 0131 313 6472 16) Name and signature of authorised company official responsible for making this notification Date of notification 21 January 2003 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/01/21/20030121BIT00870/wkr0001.doc http://www.waymaker.net/bitonline/2003/01/21/20030121BIT00870/wkr0002.pdf