diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7f527746..1c52179c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -13,6 +13,7 @@ v0.15.0 (?? ??? 2018)
 - Add support for fixed Table Layout @aoloe @ekopach @troosan #841 #1276
 - Add support for Cell Spacing @dox07 @troosan #1040
 - Add parsing of formatting inside lists @atomicalnet @troosan #594
+- Added support for Vertically Raised or Lowered Text (w:position) @anrikun @troosan #640
 - Add support for MACROBUTTON field @phryneas @troosan #1021
 
 ### Fixed
diff --git a/docs/styles.rst b/docs/styles.rst
index 0ec0ec38..b84f76f0 100644
--- a/docs/styles.rst
+++ b/docs/styles.rst
@@ -59,6 +59,7 @@ Available Font style options:
    See ``\PhpOffice\PhpWord\Style\Font::UNDERLINE_...`` constants for more values
 - ``lang``. Language, either a language code like *en-US*, *fr-BE*, etc. or an object (or as an array) if you need to set eastAsian or bidirectional languages
    See ``\PhpOffice\PhpWord\Style\Language`` class for some language codes.
+- ``position``. The text position, raised or lowered, in half points
 
 .. _paragraph-style:
 
diff --git a/src/PhpWord/Reader/Word2007/AbstractPart.php b/src/PhpWord/Reader/Word2007/AbstractPart.php
index f8a26ddb..b4610d28 100644
--- a/src/PhpWord/Reader/Word2007/AbstractPart.php
+++ b/src/PhpWord/Reader/Word2007/AbstractPart.php
@@ -422,6 +422,7 @@ abstract class AbstractPart
             'fgColor'             => array(self::READ_VALUE, 'w:highlight'),
             'rtl'                 => array(self::READ_TRUE,  'w:rtl'),
             'lang'                => array(self::READ_VALUE, 'w:lang'),
+            'position'            => array(self::READ_VALUE, 'w:position'),
         );
 
         return $this->readStyleDefs($xmlReader, $styleNode, $styleDefs);
diff --git a/src/PhpWord/Style/Font.php b/src/PhpWord/Style/Font.php
index 03fb692c..3095b799 100644
--- a/src/PhpWord/Style/Font.php
+++ b/src/PhpWord/Style/Font.php
@@ -232,6 +232,7 @@ class Font extends AbstractStyle
 
     /**
      * Right to left languages
+     *
      * @var bool
      */
     private $rtl = false;
@@ -246,10 +247,19 @@ class Font extends AbstractStyle
 
     /**
      * Languages
+     *
      * @var \PhpOffice\PhpWord\Style\Language
      */
     private $lang;
 
+    /**
+     * Vertically Raised or Lowered Text
+     *
+     * @var int Signed Half-Point Measurement
+     * @see http://www.datypic.com/sc/ooxml/e-w_position-1.html
+     */
+    private $position;
+
     /**
      * Create new font style
      *
@@ -294,6 +304,7 @@ class Font extends AbstractStyle
                 'scale'     => $this->getScale(),
                 'spacing'   => $this->getSpacing(),
                 'kerning'   => $this->getKerning(),
+                'position'  => $this->getPosition(),
             ),
             'paragraph'     => $this->getParagraph(),
             'rtl'           => $this->isRTL(),
@@ -926,4 +937,27 @@ class Font extends AbstractStyle
     {
         return $this->getParagraph();
     }
+
+    /**
+     * Get position
+     *
+     * @return int
+     */
+    public function getPosition()
+    {
+        return $this->position;
+    }
+
+    /**
+     * Set position
+     *
+     * @param int $value
+     * @return self
+     */
+    public function setPosition($value = null)
+    {
+        $this->position = $this->setIntVal($value, null);
+
+        return $this;
+    }
 }
diff --git a/src/PhpWord/Style/Frame.php b/src/PhpWord/Style/Frame.php
index a8e1c69d..bb684409 100644
--- a/src/PhpWord/Style/Frame.php
+++ b/src/PhpWord/Style/Frame.php
@@ -171,6 +171,14 @@ class Frame extends AbstractStyle
      */
     private $wrap;
 
+    /**
+     * Vertically raised or lowered text
+     *
+     * @var int
+     * @see http://www.datypic.com/sc/ooxml/e-w_position-1.html
+     */
+    private $position;
+
     /**
      * Create a new instance
      *
@@ -538,4 +546,27 @@ class Frame extends AbstractStyle
 
         return $this;
     }
+
+    /**
+     * Get position
+     *
+     * @return int
+     */
+    public function getPosition()
+    {
+        return $this->position;
+    }
+
+    /**
+     * Set position
+     *
+     * @param int $value
+     * @return self
+     */
+    public function setPosition($value = null)
+    {
+        $this->position = $this->setIntVal($value, null);
+
+        return $this;
+    }
 }
diff --git a/src/PhpWord/Writer/Word2007/Element/Image.php b/src/PhpWord/Writer/Word2007/Element/Image.php
index 7e33f75e..32a22a13 100644
--- a/src/PhpWord/Writer/Word2007/Element/Image.php
+++ b/src/PhpWord/Writer/Word2007/Element/Image.php
@@ -19,6 +19,9 @@ namespace PhpOffice\PhpWord\Writer\Word2007\Element;
 
 use PhpOffice\Common\XMLWriter;
 use PhpOffice\PhpWord\Element\Image as ImageElement;
+use PhpOffice\PhpWord\Style\Font as FontStyle;
+use PhpOffice\PhpWord\Style\Frame as FrameStyle;
+use PhpOffice\PhpWord\Writer\Word2007\Style\Font as FontStyleWriter;
 use PhpOffice\PhpWord\Writer\Word2007\Style\Image as ImageStyleWriter;
 
 /**
@@ -62,6 +65,16 @@ class Image extends AbstractElement
         $this->writeCommentRangeStart();
 
         $xmlWriter->startElement('w:r');
+
+        // Write position
+        $position = $style->getPosition();
+        if ($position && $style->getWrap() == FrameStyle::WRAP_INLINE) {
+            $fontStyle = new FontStyle('text');
+            $fontStyle->setPosition($position);
+            $fontStyleWriter = new FontStyleWriter($xmlWriter, $fontStyle);
+            $fontStyleWriter->write();
+        }
+
         $xmlWriter->startElement('w:pict');
         $xmlWriter->startElement('v:shape');
         $xmlWriter->writeAttribute('type', '#_x0000_t75');
diff --git a/src/PhpWord/Writer/Word2007/Style/Font.php b/src/PhpWord/Writer/Word2007/Style/Font.php
index a13db155..5f2a84c0 100644
--- a/src/PhpWord/Writer/Word2007/Style/Font.php
+++ b/src/PhpWord/Writer/Word2007/Style/Font.php
@@ -151,6 +151,9 @@ class Font extends AbstractStyle
             $xmlWriter->writeElementIf($styleName === null && $style->isRTL(), 'w:rtl');
         }
 
+        // Position
+        $xmlWriter->writeElementIf($style->getPosition() !== null, 'w:position', 'w:val', $style->getPosition());
+
         $xmlWriter->endElement();
     }
 
diff --git a/tests/PhpWord/Reader/Word2007/StyleTest.php b/tests/PhpWord/Reader/Word2007/StyleTest.php
index c0d5d864..ad8f125a 100644
--- a/tests/PhpWord/Reader/Word2007/StyleTest.php
+++ b/tests/PhpWord/Reader/Word2007/StyleTest.php
@@ -66,4 +66,28 @@ class StyleTest extends AbstractTestReader
         $tableStyle = $elements[0]->getStyle();
         $this->assertEquals(10.5, $tableStyle->getCellSpacing());
     }
+
+    /**
+     * Test reading of position
+     */
+    public function testReadPosition()
+    {
+        $documentXml = '<w:p>
+            <w:r>
+                <w:rPr>
+                    <w:position w:val="15"/>
+                </w:rPr>
+                <w:t xml:space="preserve">This text is lowered</w:t>
+            </w:r>
+        </w:p>';
+
+        $phpWord = $this->getDocumentFromString($documentXml);
+
+        $elements = $this->get($phpWord->getSections(), 0)->getElements();
+        $this->assertInstanceOf('PhpOffice\PhpWord\Element\Text', $elements[0]);
+        $this->assertInstanceOf('PhpOffice\PhpWord\Style\Font', $elements[0]->getFontStyle());
+        /** @var \PhpOffice\PhpWord\Style\Font $fontStyle */
+        $fontStyle = $elements[0]->getFontStyle();
+        $this->assertEquals(15, $fontStyle->getPosition());
+    }
 }
diff --git a/tests/PhpWord/Writer/Word2007/Style/FontTest.php b/tests/PhpWord/Writer/Word2007/Style/FontTest.php
index d36a3037..f66cf24f 100644
--- a/tests/PhpWord/Writer/Word2007/Style/FontTest.php
+++ b/tests/PhpWord/Writer/Word2007/Style/FontTest.php
@@ -65,4 +65,19 @@ class FontTest extends \PHPUnit\Framework\TestCase
         $path = '/w:document/w:body/w:p/w:r/w:rPr/w:lang';
         $this->assertTrue($doc->elementExists($path, $file));
     }
+
+    /**
+     * Test writing position
+     */
+    public function testPosition()
+    {
+        $phpWord = new \PhpOffice\PhpWord\PhpWord();
+        $section = $phpWord->addSection();
+        $section->addText('This text is lowered', array('position' => -20));
+        $doc = TestHelperDOCX::getDocument($phpWord, 'Word2007');
+
+        $path = '/w:document/w:body/w:p/w:r/w:rPr/w:position';
+        $this->assertTrue($doc->elementExists($path));
+        $this->assertEquals(-20, $doc->getElementAttribute($path, 'w:val'));
+    }
 }