Update on Proposed Merger

 
TIDMKIV2 
 
Keydata Income VCT 1 plc and Keydata Income VCT 2 plc 
 
Merger Update 
 
The Boards of Keydata Income VCT 1 plc ("Keydata 1") and Keydata Income VCT 2 
plc ("Keydata 2") today announce that, after many months finalising the proposed 
merger between the boards of Keydata 1, Keydata 2 and Foresight VCT plc 
("Foresight") and the regulatory matters required to implement the transaction, 
we are able to announce that we expect the merger documentation to be ready to 
be dispatched to all Keydata 1 and Keydata 2 shareholders shortly. 
 
These documents will set out to all Shareholders all relevant information and 
provide an opportunity and sufficient notice to attend the EGM expected to be 
held in February 2011. 
 
If the vote for merger is approved, the timetable for implementing the merger is 
expected to be February 2011, with Shareholders receiving their Foresight shares 
during March 2011 at the latest. 
 
This will be followed by an offer to all Foresight shareholders, including the 
"ex" Keydata 1 and Keydata 2 Shareholders to participate in an enhanced buyback 
scheme.  Full details are expected to be supplied in the documentation which 
will be sent out shortly. 
 
It is important to stress that in spite of the delays caused by the complexity 
of the merger, the development of the waste wood to energy plant in Derby 
continues to schedule.  Several of the other VCTs managed by Foresight Group 
("the Investing VCTs") have committed to invest  GBP3 million, in aggregate, 
towards the completion of the Derby Project. Of this commitment,  GBP1.5 million 
was invested by way of loans and equity securities by the Investing VCTs on 23 
December 2010 and the balance of the commitment is contingent on the merger 
taking place. Further details will be included with the merger documentation. 
 
 
 
For further information please contact: 
 
 
 
Gary Fraser, Foresight Group: 01732 471800 
 
 
 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
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(i) the releases contained herein are protected by copyright and 
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     originality of the information contained therein. 
 
Source: Keydata Income VCT 2 plc via Thomson Reuters ONE 
 
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