Interim Management Statement

 
TIDMPUA 
 
Puma VCT plc (the "Company") 
 
18 December 2009 
 
Interim Management Statement 
 
For the period from 1 September 2009 to 30 November 2009 
 
PERFORMANCE 
 
 
                                              Basic           Diluted 
 
  Net asset value per share   100.31 pence                          99.21 pence 
 
 
 
DIVIDENDS 
 
In the period between 1 September 2009 and the date of publication of this 
Interim Management Statement the Company has paid a dividend of 2.75 pence per 
Ordinary Share. 
 
NEW INVESTMENTS 
 
The Company has not made any new qualifying investments in the period. 
 
MATERIAL EVENTS 
 
In the period the Company has realised one qualifying investment totalling 
 GBP2,110,000 and two non qualifying investments totalling  GBP450,000. 
 
SHARE CAPITAL 
 
The Company has not issued or bought back any shares during the period. 
 
REALISATIONS, END OF VCT LIFE AND DISTRIBUTIONS 
 
The  Board wishes to update  shareholders on the progress  of the Fund since the 
issue  of its interim  report on 30th October  2009.   We are pleased to announce 
that we have entirely realised our holding in Cadbury House Limited and achieved 
significant  progress in the realisation of other major unquoted holdings within 
the  qualifying portfolio.    We hope  to finalise  these realisations in January 
2010. 
 
If  these realisations go according to our expectations, the Fund should be in a 
position  to pay a  large distribution of  realised capital and  profit early in 
2010, in  one or several payments.   Our target is  to pay at that point at least 
enough  to return to our shareholders  the balance of their original investment, 
taking into account the 40% tax relief and dividends already received. 
 
The Board intends to realise and distribute the balance of the portfolio in an 
orderly manner during 2010.   As previously announced, the process of formal 
winding up cannot begin until 1st June 2010, 5 years on from the closing of the 
two VCTs? flotations. 
 
 
[HUG#1364342]