Interim Management Statement

    RNS Number : 1302X
  Aberdeen Growth VCT1 PLC
  19 June 2008
   

    Aberdeen Growth VCT I PLC ("the Company")

    Interim Management Statement - Quarter ended 30 April 2008

    This Interim Management Statement, for the quarter ended 30 April 2008, is provided in accordance with Rule 4.3 of the Disclosure and
Transparency Rules of the UK Listing Authority and also includes relevant information in respect of the period from 1 May 2008 to the date
of issue. This Statement has been prepared solely to provide additional information in order to meet the relevant requirements of the UK
Listing Authority's Disclosure and Transparency Rules and should not be relied on by Shareholders, or any other party, for any other
purpose.

    1.                     Financial highlights

    *     Net Asset Value ("NAV")* of 68.1p at 30 April 2008; compared to 69.8p on 31 January 2008.
    *     Final dividend of 2.0p per share to be paid on 27 June 2008 making a total dividend in respect of
    the year ended 31 January 2008 of 4.0p per share, equivalent to a yield of 5.3% from an
    equity investment to a higher-rate taxpayer who subscribed at launch and, if the initial tax relief of 20%
    is taken into account, the effective annual yield rises to 6.7%. On the current mid-market of 38.5p,
    the equivalent yield from an equity investment to a higher-rate taxpayer would be 13.9%.

    *The NAV is unaudited and reflects the closing bid price of quoted securities at 30 April 2008. Unlisted
    companies are valued on a six-monthly basis and the NAV incorporates the Directors' valuation of
    unlisted investments as at 31 January 2008. 

    2.         Investments and Disposals

    During the quarter ended 30 April 2008, an investment of £199,000 was made in an unlisted company and £499,000 was invested in listed
fixed income securities.

    During the same period, a combination of partial and complete disposals of six AIM quoted investments generated aggregate proceeds of
£206,000 against cost of £127,000. In addition, one unlisted investment repaid loans of £359,000 at par and £500,000 of listed fixed income
securities were also redeemed at par.

    There were no other material transactions during the period under review. 

    3.         Recent developments 
    

    Between 30 April 2008 and the date of this statement, five further investments totalling £471,000 were
    made in unlisted or AIM/PLUS quoted companies.

    During the same post quarter-end period, a combination of partial and complete disposals of six AIM quoted investments generated
aggregate proceeds of £221,000 against cost of £1,258,000. Included in these disposals were the sales of the holdings in Citel Technologies
and Imprint where an aggregate realised loss of £1,072,000 was realised; however, the fall in the value of these investments had previously
been recognised and there was no resulting impact on the Company's NAV. In addition, the disposal of three unlisted investments generated
proceeds of £657,000 against cost of £354,000 with the gain arising from the sale of PSCA International.

    Other than described above, Board is not aware of any material events during the period from 1 February 2008 to 30 April 2008, or in the
period from 1 May 2008 to the date of this announcement, which would have had a material impact on the financial position of the Company.

    Issued on behalf of the Board
    Aberdeen Asset Management PLC, Secretary
    19 June 2007

This information is provided by RNS
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