Interim Management Statement

RNS Number:9495X
Sitka Health Fund VCT PLC
07 June 2007


SITKA HEALTH FUND VCT plc

INTERIM MANAGEMENT STATEMENT
FOR THE 3 MONTHS TO 30 APRIL 2007

To the members of Sitka VCT plc


This interim management statement has been prepared solely to provide additional
information to the shareholders as a body to meet the relevant requirements of
the UK Listing Authority's Disclosure and Transparency Rules, and should not be
relied on by any other party or for any other purpose.

This interim management statement considers the future of the fund and, as such,
forward-looking assertions have been made by the Directors in good faith based
on the information available to them up to the time of their approval of this
report. This statement should therefore be treated with due caution due to the
inherent uncertainties of the effect of both economic and business risk factors
in considering forward-looking information.

This interim management statement relates to the period from 1 February 2007 to
30 April 2007 and contains information that covers this period and up to the
date of publication of this interim management statement.

Our operations

Sitka Health Fund VCT plc provides investors with a return by maximising the
stream of dividend distributions from the capital gains and income generated
from a diversified portfolio of investments in the health sector.

Our investment policy

     *    To create a balanced portfolio of growth companies in the health 
          sector

     *    To invest in companies which have proven management and technology or
          business propositions which are protected by patents or know-how and 
          where there are barriers to entry for competitors
     
     *    Investments may include unquoted early-stage companies, those 
          requiring development capital and companies raising money on AIM

Progress during the period

During the period the Net Asset Value increased from 89.5p per share at 31
January 2007 to 90.56p per share at 30 April 2007. This increase is mainly due
to upward market movements.

At 30 April 2007 the portfolio consisted of a total of 16 companies diversified
across the health sector and at different stages of development. Of these
companies 8 are quoted and 8 are unquoted.

A total of #663,802 was invested during the period.

In the recent Annual Report it was noted that the offer of Ordinary shares
closing on 5 April 2007 had raised #5.8m. It is hoped to invest approximately
40% of this in the next year, both in new companies and in follow-on investments
in existing companies.

VCT qualifying status

The Fund continues to receive full Inland Revenue approval and had 77.61% of the
Fund's ordinary share capital which has to be invested in qualifying companies
as at 30 April 2007, in addition to meeting the other tests necessary for
maintaining VCT qualifying status.

Annual General Meeting

The annual general meeting of the Company will be held on Thursday 7th June 2007
at 2.30pm at the offices of Noble Group, 120 Old Broad Street, London, EC2N 1AR,
where the Chairman of the Company will present her report for the year and Fund
Managers, Gerard Tardy and Louis Nisbet, will present an overview of the
prospects of the health sector in the UK.

120 Old Broad Street                         By order of the Board
London
EC2N 1AR                                     Gill Nott (OBE)
                                             Director
                                             6th June 2007


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