Holding(s) in Company

    TR-1 (i) NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):

Framlington Income and Capital Trust

2. Reason for the notification                               State             
                                                            Yes/No             
                                                                               
An acquisition or disposal of voting rights                    X               
                                                                               
An acquisition or disposal of financial                                        
instruments which may result in the                                            
acquisition of shares already issued to which                                  
voting rights are attached                                                     
                                                                               
An event changing the breakdown of voting                                      
rights                                                                         
                                                                               
Other (please specify):                                                        

3. Full name of person(s) subject to the                Sarah Ann Lewis        
notification obligation (iii):                                                 
                                                                               
4. Full name of shareholder(s) (if different      OMX Securities Nominees Ltd  
from 3.) (iv):                                                                 
                                                                               
5. Date of the transaction (and date on which            15th May 2008         
the threshold is crossed                                                       
or reached if different) (v):                                                  
                                                                               
6. Date on which issuer notified:                        15th May 2008         
                                                                               
7. Threshold(s) that is/are crossed or reached:    7% of total voting rights   
                                                                               
8. Notified details:                                                           

A: Voting rights attached to shares

Class/type of Situation previous    Resulting situation after the triggering   
   shares             to                       transaction (vii)               
 if possible    the Triggering                                                 
  using the    transaction (vi)                                                
  ISIN CODE                                                                    
                                                                               
               Number   Number    Number    Number of voting     % of voting   
                 of       of        of        rights (ix)          rights      
               Shares   Voting    shares                                       
                        Rights                                                 
                        (viii)                                                 
                                                                               
                                  Direct   Direct   Indirect  Direct  Indirect 
                                             (x)      (xi)                     
                                                                               
Income shares          4,454,800                   4,705,500           12.02%  
                                                                               
                                                                      of class 
                                                                               
                                                                       7.36 of 
                                                                        total  
                                                                               

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

  Type of    Expiration      Exercise/        Number of voting    % of voting  
 financial   date (xiii)     Conversion      rights that may be      rights    
 instrument              Period/ Date (xiv)   acquired if the                  
                                                 instrument                    
                                               is exercised/                   
                                                 converted                     
                                                                               

Total (A+B)                                                                    
                                                                               
Number of voting rights                  % of voting rights                    
                                                                               
4,705,500                                12.02% of class                       
                                                                               
                                         7.36 of total                         

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):



Proxy Voting:


10. Name of the proxy holder:                           N/A                    
                                                                               
11. Number of voting rights proxy holder will cease to  N/A                    
hold:                                                                          
                                                                               
12. Date on which proxy holder will cease to hold       N/A                    
voting rights:                                                                 

13. Additional information:                             N/A                    
                                                                               
14. Contact name:                                       Eleanor Cranmer        
                                                                               
15. Contact telephone number:                           020 7330 6680          

C: Additional information



END