In line with the Board of Directors’ action reported in the Company’s announcement of September 11, 2009, Howard A. Brecher, Chief Legal Officer, has become Acting Chairman and Acting CEO in addition to his current positions as of November 4, 2009.

His appointment follows the resignations of Jean Bernhard Buttner as CEO, Chairman, President, and Director, and of David Henigson as Vice President and Director of the Company.

On November 4, 2009 Value Line, Inc. (the ‘Company”) issued the attached press release announcing that the Securities and Exchange Commission (the “SEC”) has approved the Company’s proposed settlement (the “Settlement”) regarding an SEC investigation relating to commissions paid by nine Value Line equity mutual funds to an affiliated brokerage subsidiary.

The proposed settlement had previously been disclosed in a press release and in Form 8-K dated September 11, 2009, incorporated herein by reference. In the Settlement, Value Line neither admits nor denies the investigation’s findings.

The Company chose to settle to avoid costly and protracted litigation.