Hi,
Sorry for such a late reply - missed this.
VALUE1/2 are raw values at the lower/upper range of an iso-area - i.e. the values that are assigned to the contours that make up the edges of the iso-area polygon. The TYPE field is something specific to exports for use in an tool that was able to convert Shapefiles to an older Garmin map format. This is a bit of an anachronism now and best ignored.
Matt