Edinburgh Income & Value Trust 1st Quarter Results

STOCKHOLM, SWEDEN


STOCKHOLM, Sweden, Oct. 2, 2002 (PRIMEZONE) -- At a board meeting held today, the directors of Edinburgh Income and Value Trust plc resolved that a first interim dividend of 2.4p per ordinary share be declared in respect of the year to May 31, 2003, payable on October 31, 2002 to shareholders on the register on October 11, 2002. The ex-dividend date is October 9, 2002.


 The unaudited results for the period to August 31, 2002 are as
 follows:

 (NOTE:  All figures shown in pounds)

 STATEMENT OF TOTAL RETURN

                            For the period         For the period
                              June 1, 2002           June 1, 2001
                           to August 31, 2002      to August 31, 2001

                        Revenue Capital   Total  Revenue Capital Total
                          000     000      000     000     000    000

 Total losses
  on investments                (8,536)  (8,536)     -     592    592
 Investment income        798        -      798    859       -    859
 Interest receivable       24        -       24     21       -     21
 Other income               -        -        -      -       -      -
 Investment
  management fee          (64)     (64)    (128)   (68)    (68)  (136)
 Other administrative
  expenses                (60)       -      (60)   (46)      -    (46)

 NET RETURN BEFORE
 FINANCE COSTS AND
 TAXATION                 698   (8,600)  (7,902)   766     524  1,290
  Interest payable        (83)     (83)    (166)   (83)    (83)  (166)

 RETURN ON ORDINARY
  ACTIVITIES BEFORE
  TAXATION                615   (8,683)  (8,068)   683     441  1,124
 Taxation                   -        -        -      -       -      -

 NET RETURN ON ORDINARY
  ACTIVITIES AFTER
  TAXATION                615   (8,683)  (8,068)   683     441  1,124
 Non-equity minority
  interests                 -     (401)    (401)     -    (369)  (369)

 RETURN ATTRIBUTABLE TO
    EQUITY SHAREHOLDERS   615   (9,084)  (8,469)   683      72    755
 Dividends in respect
  of equity shares       (569)       -     (569)  (569)      -   (569)

                           46   (9,084)  (9,038)   114      72    186
 RETURN PER ORDINARY
 SHARE                   2.59p  (38.34p) (35.75p) 2.88p   1.86p  4.74p

All revenue and capital items in the above statement derive from continuing operations

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