Perpetual Income & Growth Investment Trust plc

As at close of business on 22-July-2016

NAV per Ordinary share (unaudited) with Debt at Par

EXCLUDING undistributed current year revenue                              401.32p

INCLUDING current year revenue                                            406.20p

NAV per Ordinary share (unaudited) with Debt at Fair Value

EXCLUDING undistributed current year revenue                              395.79p

INCLUDING current year revenue                                            400.67p

The NAV includes a provision for any performance fee applicable.

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