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Aberdeen Growth VCT I results – increased NAV total return and strong investment activity

The Board of Aberdeen Growth VCT I has announced its interim results for the six months ended 31 July 2007. This consolidates the very significant turnaround in performance, with increased NAV and yield, since the change of lead fund manager of this VCT in 2004, with an increase of 29.6% in NAV total return over that period. The highlights are:

• NAV total return (*) increased by 4.1% over six months to 84.52pps.
• NAV at 76.6pps at 31 July 2007; up from 73.8pps at 31 January 2007.
• Since 31 July 2004 (the reporting date closest to the change of lead fund manager) the NAV total return has increased by 29.6%.
• Increase of 19.4% of the value of the AIM portfolio over the six months ended 31 July 2007, compared to an increase of 10.8% in the FTSE AIM All-Share Index.
• The Board has declared an interim capital dividend of 2.0pps payable on 16 November 2007.
• Expected distributions of at least 4.0pps during the year ending January 2008, equivalent to an annual yield of 6.7% to a higher-rate taxpayer on an effective initial investment of 80pps.
• An exceptionally strong period of new investment - 18 new unlisted and AIM investments made, with a total of £3.5 million invested in the six months to 31 July 2007.
• At 31 July 2007, the investment portfolio consisted of sixty-nine active unlisted and AIM investments.

*NAV per share plus dividends paid

Supporting Information:

• Highly diversified generalist VCT, with multi-asset private equity and AIM portfolios
• Access to around 1,000 investment opportunities per annum – supporting the Manager's strategy of finding suitable private equity transactions which offer growth and a healthy running yield, in tandem with an actively managed AIM business.

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