Interim Management Statement

RNS Number:2657C
Gateway VCT PLC
16 August 2007


Gateway VCT plc ("the Company")
Interim Management Statement for the Quarter Ended 30 June 2007

Gateway VCT plc presents its Interim Management Statement for the quarter ended 
30 June 2007. This constitutes the Company's first Interim Management Statement 
for the financial year ended 31 March 2008, as required by the UK Listing 
Authority's Disclosure and Transparency Rules.

The unaudited Net Asset Value (NAV) per ordinary share as at 30 June 2007 was 
46.27p (31 March 2007; 47.4lp).

The Board is not aware of any significant events or transactions that have taken 
place between the date of the NAV and the date of publication of this Interim 
Management Statement.

The number of ordinary shares in issue at 30 June 2007 was 13,591,734. Between 
31 March 2007 and 30 June 2007 no shares were issued, and no shares were 
re-purchased by the Company for cancellation.

 
Net Assets at 30 June 2007 comprised the following;
                                                   #000s     % of Net Assets
Unquoted Investments at valuation                  1,550            24.7
AIM Investments and Listed Overseas at bid price   2,689            42.8
Other Listed Investments at bid price                506             8.0
Fixed Interest Stock                               1,498            23.8
Net Current Assets                                    46             0.7

Net Assets                                         6,289             100
 



Unquoted investments are carried at fair value as at 30 June 2007 as determined 
by the Directors. AIM/Quoted investments are carried at bid price as at 
30 June 2007.

No new or follow-on investments were made during the three months to 30 June 2007.

During the period 1 April 2007 to 30 June 2007 the valuation of the investment 
portfolio fell by #126,000. The Company's holdings in Deltex Medical, OMG and 
Medigene AG increased in value, and the holdings in Sarantel, and Pilat Media 
Global reduced in value.

As noted in the Annual Report and Accounts for the year ended 31 March 2007, 
Burgundy Global Limited entered Administration on 17 May 2007. Although some 
value may be recovered in due course, the Company provided in full for the loss 
of its shares and loan notes as at 31 March 2007.

Since the quarter end, Sarantel successfully raised #2.1m in July 2007, from its 
principal shareholders, which it will deploy in order to meet ongoing working 
capital requirements.

Also in July, Vectura was admitted to the Official List of the London Stock 
Exchange, having made good progress since its admission to AIM in 2004.



For further information please contact Gateway VCT plc on 0208 991 4577


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