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