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 & Capital Trust plc

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              26/11/07            
the threshold is crossed                                                       
or reached if different) (v):                                                  
                                                                               
6. Date on which issuer notified:                          26/11/07            
                                                                               
7. Threshold(s) that is/are crossed or         11% of votes attaching to income
reached:                                                    shares             
                                                                               
8. Notified details:                                                           

A: Voting rights attached to shares

 Class/type  Situation previous    Resulting situation after the triggering    
 of 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             4,304,800                  4,454,800           11.38% of 
   shares                                                            class     
                                                                               
                                                                     6.96% 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                    
                                                                               
4,454,800                                11.38% of class                       
                                                                               
                                         6.96% of total                        

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

N/A                                                                            

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          



END



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