Offer for Subscription

RNS Number:3421I
Arc Growth Company VCT plc
22 November 2007





For Immediate Release 22 November 2007


                           Arc Growth Company VCT plc

                          ("Arc VCT" or "the Company")


                             Offer for Subscription


Details of Offer of Subscription

Arc VCT has today published a prospectus approved by the UK Listing Authority in
relation to an Offer for Subscription of up to 7,500,000 new C Shares of 50p
each at a price of 100p per share. The prospectus will be posted to shareholders
on 23 November 2007. The closing date for applications and final allotment is
not later than noon on 4 April 2008.

Application has been made to the UK Listing Authority for all of the Shares
being issued pursuant to the Offer to be admitted to the Official List.
Application has also been made to the London Stock Exchange for the Shares to be
admitted to trading on its market for listed securities.



Extraordinary General Meeting

The issue of the new C Shares is subject to the approval of Shareholders at the
Extraordinary General Meeting to be held on 17 December 2007 at 10.45am at 22
Lovat Lane, London, EC3R 8EB. A Notice of EGM is attached to the prospectus to
be sent out to shareholders on 23 November 2007.



Availability of Prospectus via RNS

To view the full document, please paste the following URL into the address bar
of your browser: 

http://www.rns-pdf.londonstockexchange.com/rns/3421i_-2007-11-22.pdf



For further information please contact:


Beaumont Cornish Limited
5th Floor
10-12 Copthall Avenue
London EC2R 7DE
Tel: [phone]
Fax: [phone].


Disclaimer - Intended Addressees

Please note that the information contained in the Prospectus may be addressed to
and/or targeted at persons who are residents of particular countries (specified
in the Prospectus) only and is not intended for use and should not be relied
upon by any person outside these countries and/or to whom the offer contained in
the Prospectus is not addressed. Prior to relying on the information contained
in the Prospectus you must ascertain from the Prospectus whether or not you are
part of the intended addressees of the information contained therein.

Your right to access this service is conditional upon complying with the above
requirement.


Availability for inspection

The prospectus has been submitted to the UK Listing Authority, and will shortly
be available for inspection at the UK Listing Authority's Document Viewing
Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS.


The prospectus is also available from the offices of the Company, 22 Lovat Lane,
London, EC3R 8EB or from the following website: www.arcfundmanagement.com/
vct.asp.


Contact: Graham Urquhart, Director, Arc VCT on 0203 216 2000
Roland Cornish and Felicity Geidt, Beaumont Cornish Limited
on 020 7628 3396.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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