The following Net Asset Values (NAVs) for Framlington Income & Capital Trust
PLC are released by AXA Framlington Investment Management Limited as at 16
November 2007.

Capital NAV                                                                
                                                                           
at Mid valuation - Prior charges at par                             258.22p
                                                                           
at Bid valuation - Prior charges at par                             257.37p
                                                                           
Income NAV                                                                 
                                                                           
at Mid valuation - Prior charges at par                              30.61p
                                                                           
at Bid valuation - Prior charges at par                              30.61p
                                                                           
Total Fund Value (at Mid valuation inc.                        �109,799,508
revenue)                                                                   



END



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