NOTIFICATION OF MAJOR INTERESTS IN SHARES

    SCHEDULE 10                                  
                                                                               
                   NOTIFICATION OF MAJOR INTERESTS IN SHARES                   

1. Name of company

Framlington Income & Capital Trust PLC                                         

2. Name of shareholder having a major interest

Nicholas Howard Lewis                                                          
                                                                               
Sarah Ann Lewis                                                                

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

Shareholder in (2) above                                                       

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

OMX Securities Nominees Ltd - 2,460,000                                        
                                                                               
HSBC Global Custody Nominee (UK) Ltd - 2,745,000                               

5. Number of shares / amount of stock acquired

Not advised                                                                    

6. Percentage of issued class

Not advised                                                                    

7. Number of shares / amount of stock disposed

Not advised                                                                    

8. Percentage of issued class

Not Advised                                                                    

9. Class of security

25p Income shares                                                              

10. Date of transaction

19 May 2006                                                                    

11. Date company informed

22 May 2006                                                                    

12. Total holding following this notification

5,205,000                                                                      

13. Total percentage holding of issued class following this notification

13.30%                                                                         

14. Any additional information

15. Name of contact and telephone number for queries

Eleanor Cranmer                                                                
                                                                               
020 7330 6680                                                                  

16. Name and signature of authorised company official responsible for making
this notification

Eleanor Cranmer                                                                

Date of notification

22 May 2006                                                                    

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END