HENDERSON VALUE TRUST PLC HENDERSON GLOBAL INVESTORS 17 January 2014 Henderson Value Trust plc Publication of a circular Proposed amendments to investment policy Henderson Value Trust plc (the "Company") has today published a circular (the "Circular") seeking shareholder approval to amend the Company's investment policy. The Circular contains notice of a General Meeting to be held at 2.30 p.m. on 24 February 2014 (or, if later, immediately after the Company's Annual General Meeting convened for the same day). Henderson Global Investors Limited (the "Manager") assumed the role of the Company's investment manager on 1 April 2013. In September 2013, following a review of the Company's investment policy by the Manager, the Board adopted some additional informal investment guidelines, details of which can be found in the Report and Financial Statements for the financial year ended 30 September 2013. The Board considers that these guidelines, combined with certain other amendments, should now be incorporated formally into an amended investment policy which better reflects the way in which the Manager will seek to achieve the Company's investment objective. Full details of the proposed amendments to the Company's investment policy are set out in the Circular, a copy of which will shortly be available for inspection at the National Storage Mechanism which is located at www.morningstar.co.uk/uk/nsm and on the Company's website at www.hendersonvaluetrust.com. Terms used and not defined in this announcement shall have the meanings given to them in the Circular. For further information, please call: Ian Barrass / Paul Craig James de Sausmarez Co-Portfolio Managers Director and Head of Investment Trusts Henderson Value Trust plc Henderson Global Investors Telephone: 020 7818 2964 / 020 7818 Telephone: 020 7818 3349 3527 Panmure Gordon Paul Fincham / Robert Naylor Telephone: 020 7886 2500