Final Results

Keydata Income VCT 1
                  

KEYDATA INCOME VCT 1 plc

Preliminary Announcement of Final Results for the year ending 28 February 2007

Financial Highlights

-0-
*T
                                  2007                  2006
Capital Values:
Net assets (£000)                 6,997                 4,303
Net asset value per share        95.76p                95.33p
Share price (bid)                  80p                   90p
Discount                          16.5%                  5.6%
Earnings per share:               1.09p                 0.41p
Total expense ratio               2.08%                 2.12%
Dividends (per share)
Interim paid                        -                   0.33p
Final proposed                    1.0p                    -
*T

Chairman's Statement

Funding

The 2005/6 share offer for subscription closed on 5 April 2006 with gross funds
raised of around £2.8 million from 419 investors. The costs of the launch were
set at 5% of the gross funds raised and the net proceeds retained by the company
were £2.65 million, with an initial asset value per share of 95p. Including the
£4.29 million of net funds raised in 2004/5, the Company has raised a total of
£6.94 million to invest.

Results

Earnings per share for the year were 1.09p (based on the weighted average number
of shares in issue during the year). The net asset value per share at 28
February 2007 was 95.76p, a 0.8% increase on the initial NAV.

Investment Update

In February 2006, we entered into a conditional agreement to invest an aggregate
of £4 million in ten newly formed windfarm investment companies. Following the
due diligence and tax clearance process, the company was unable to agree
satisfactory terms with the operator.

We are at an advanced stage in negotiations on a number of investments in
renewable energy companies with a combined capacity to produce 4.5 MW of
electricity fuelled by gasifying recycled wood.

Subject to completion of legals and tax clearance from HMRC that the proposed
investments would be qualifying investments under the VCT rules, we expect to
make a further announcement shortly.

Dividend

A final dividend of 1 pence per share is proposed in respect of the year ended
28 February 2007. Subject to shareholder approval at the AGM, the dividend will
be paid on 28 June 2007 to shareholders on the share register on 1 June 2007.

Shareholder Communication

The Company's daily share price can be found on various financial websites under
the EPIC code 'KIV' or on our own dedicated website at
www.keydataincomevct.co.uk

Stephen Oxenbridge

Chairman

11 May 2007

Consolidated Income Statement for the year ended 28 February 2007 (unaudited)

-0-
*T

                                Revenue        Capital       Total
                                 £000           £000          £000
Income                           240                          240
                               --------      ----------    --------
                                 240             -            240

Management fees                   -              -             -
Other expenses                   (145)                       (145)
                               --------      ----------    --------
                                 (145)           -           (145)
                               --------       --------      --------
Profit before taxation            95             -            95
Taxation                         (18)            -            (18)
                               --------       --------      --------
Profit after taxation             77                          77
                               --------      ----------    --------
Earnings per share (Note 2)     1.09p            -           1.09p
 - basic and fully diluted
*T

Consolidated Income Statement for the period ended 28 February 2006 (audited)

-0-
*T

                               Revenue        Capital        Total
                                 £000          £000          £000
Income                           109                         109
                              --------      ----------     --------
                                 109            -            109

Management fees                   -             -             -
Other expenses                   (91)                        (91)
                              --------      ----------     --------
                                 (91)           -            (91)
                               --------      --------      --------
Profit before taxation           18             -             18
Taxation                         (3)            -             (3)
                               --------      --------      --------
Profit after taxation            15                           15
                              --------      ----------     --------
Earnings per share (Note 2)     0.41p           -           0.41p
 - basic and fully diluted
*T

-0-
*T
The total column of these statements are the income statements of the Group. All
 revenue and capital items in the above statements derive from continuing
 operations.
*T

Balance sheet as at 28 February 2007 (unaudited)

-0-
*T
Group and Company
                                            2007            2006
                                            £000            £000
Fixed assets
Investments                              ----------      ----------
Current assets
Other receivables                            68              25
Cash and cash equivalents                  6,992           4,301
                                          -------         --------
                                           7,060           4,326

Current liabilities                         (63)            (23)
                                          -------         -------

Net assets                                 6,997           4,303
                                          -------         -------
Equity attributable to equity holders
Called up share capital                      73              45
Share premium                              6,847           4,243
Capital reserve - realised                   -               -
Capital reserve - unrealised                 -               -
Revenue reserve                              77              15
                                          --------        --------
Total equity                               6,997           4,303
                                          --------        -------
Net asset value per share (Note 3)         95.76p          95.33p
*T

Cash flow statement for the year ended 28 February 2007 (unaudited)

-0-
*T
Group and Company                              2007          2006
                                               £000          £000
Profit before tax                               95            18
Increase in receivables                        (43)          (25)
Increase in payables                            22            20
                                              -----         -----
Net cash from operating activities              74            13
Dividends paid                                 (15)           -
Cash flow from financing activities:
Equity shares issued                          2,632         4,288
                                              -------       -------
Net increase in cash and cash equivalents     2,691         4,301
Opening cash and cash equivalents             4,301           -
                                             ---------     --------
Closing cash and cash equivalents             6,992         4,301
                                            ---------      --------
*T

Statement of changes in equity for the year ended 28 February 2007 (unaudited)

-0-
*T
Group and Company                                       2007
                                       Share  Share  Revenue   Total
                                      CapitalPremium Reserve
                                                               £000
                                       £000   £000    £000
Balance at beginning of year            45   4,243     15     4,303
Changes in equity:
Profit for the year and total
 recognised income and expense for the
 year                                   -      -       77       77
Dividends paid                          -      -      (15)     (15)
Issue of ordinary shares                28   2,604            2,632
                                      ------ ------ -----------------
Balance at end of year                  73   6,847     77     6,997
                                      ------ ------ -------- --------
*T

Statement of changes in equity for the year ended 28 February 2006 (audited)

-0-
*T
Group and Company                                       2006
                                       Share  Share  Revenue   Total
                                      CapitalPremium Reserve
                                                               £000
                                       £000   £000    £000
Balance at beginning of year
Changes in equity:                      -      -       -        -
Profit for the year and total
 recognised income and expense for the
 year                                   -      -       15       15
Issue of ordinary shares                45   4,243     -      4,288
Issue of redeemable preference shares   50     -       -        50
Redemption of redeemable preference
 shares                                (50)    -       -       (50)
                                      ------ ------- ------   -------
Balance at end of year                  45   4,243     15     4,303
                                      ------ ------ -------- --------
*T

Notes to the preliminary announcement

-0-
*T
  1 The financial information above has been prepared in accordance with International
     Financial Reporting Standards (IFRSs). The financial information set out above does
     not constitute the Group's statutory accounts for the year ended 28 February 2007.
     The full statutory annual accounts will be delivered to shareholders in May 2007 and
     delivered to the Registrar of Companies following the Company's AGM. Copies may in
     due course be obtained during normal business hours from Keydata Investment Services
     Limited, One Angel Court, London EC2R 7HJ.

    Statutory accounts for the year ended 28 February 2006 have been delivered to the
     Registrar of Companies and contained an unqualified audit report.

    The Annual general meeting of the Company will be held at the Company's registered
     office at 19 Cavendish Square, London W1A 2AW on 20 June 2007 at 11.00am
  2 Earnings per ordinary share is based on a profit after tax of £77,000 (2006 - £15,000)
     and on 7,067,430 (2006 - 3,567,001) ordinary shares, being the weighted average
     number of ordinary shares in issue during the year.
  3 The net asset value per ordinary share is based on net assets at the year end and on
     7,306,320 (2006 - 4,513,628) ordinary shares, being the number of ordinary shares in
     issue at year end.
*T

11 May 2007

For further information please contact:

Craig McNeil
Company Secretary
Keydata Income VCT 1 plc
0141 572 2300