Interim Management Statement

Crown Place VCT PLC
14 November 2007




                          Interim Management Statement

Introduction

I am pleased to present your Company's first interim management statement for
the period from 1 July to 14 November 2007.


Performance

The Company's approximate unaudited net asset value (NAV) as at 30 September
2007 was 43.84 pence per share (excluding treasury shares). This is before
accounting for the first dividend for the year to 30 June 2008 of 1.25 pence per
share (0.8 pence to be paid out of revenue profits and 0.45 pence out of
realised capital gains), subject to approval from HM Revenue & Customs.  This
net asset value has decreased by 2.2% to £33.6 million or 43.84 pence per share,
principally reflecting the decrease in price of AIM quoted stocks, which
compares with a net asset value at 30 June 2007 of £34.4 million or 44.84 pence
per share.

On 7 November 2007, a cash offer for Synexus plc by Sigma Acquisitions Limited
was announced.  The offer consists of 78 pence in cash for each Synexus share.
The impact of this offer on the net asset value of Crown Place VCT PLC, assuming
successful completion, would be an increase to £34.5m. The total value the
holding would be £1.89m resulting in an increase of £920,000 or 1.2 pence per
share (excluding treasury shares).


Dividends

As stated above and in the Report and Financial Statements for the period to 30
June 2007, the Directors have declared a first dividend of 1.25 pence per share
(0.8 pence to be paid out of revenue profits and 0.45 pence out of realised
capital gains), subject to approval from HM Revenue & Customs.  The record date
and payment date for this dividend will be announced on the London Stock
Exchange RNS Service.


Share buybacks

During the period from 1 July 2007 to 14 November 2007, the Company purchased
776,180 shares at an average price of 39.4 pence for cancellation.



Portfolio

The following investments were made during the period from 1 July 2007 to 14
November 2007:


Name                               £000's
Churchill Taverns VCT Limited      82         Operator of 5 freehold village pubs in Central England
Kensington Health Clubs Limited    750        The Company is undertaking development of a health and
                                              fitness club in West London
Xceleron Limited                   50         Provides drug development services to the life-science
                                              industries
CS (Norwich) Limited               60         Operator of Cinema City in Norwich
Oxsensis Limited                   145        Development and production of industrial sensors for use in
                                              super-high temperature environments
Resorthoppa Limited                125        Travel business providing shuttle and taxi transfer services
                                              at over 300 airports around the world
Sky Hotel Heathrow Limited         1,000      Ownership and operation of the Stanwell Hotel
Nationwide Floating Rate Note:                Floating interest rate note held with Nationwide Building
maturity date 07/07/2009                      Society
                                   2,718
Since 30 September 2007
MiPay Limited                      140        Provider of mobile payment services
Churchill Taverns VCT Limited      20         Operator of 5 freehold village pubs in Central England





Disposals

During the 3 month period to 30 September 2007, the remainder of the portfolio's
holdings in Dobbies Garden Centres plc and Zetar plc were sold and further
shares in Cello Group plc were disposed of. The Group also disposed of holdings
in RMS Europe Group Limited and the Bold Pub Company Limited. Total equity
disposal proceeds amounted to £2,326,000. There were no disposals in the period
from 1 October to 14 November 2007.



Top ten holdings (as at 30 September 2007)

                  Investee Company                                    Carrying/fair value

                                                                             £000's
 Nationwide Floating Rate Note: maturity date 07/07/                         2,721
                        2009
          The Crown Hotel Harrogate Limited                                  2,345
          ELE Advanced Technologies Limited                                  1,823
           Kensington Health Clubs Limited                                   1,775
        TLC (Tender Loving Childcare) Limited                                1,533
          Kew Green VCT (Stansted) Limited                                   1,137
             House of Dorchester Limited                                     1,022
             Sky Hotel Heathrow Limited                                      1,008
                     Synexus plc                                              969
        Rutland Pub Company (Hotels) Limited                                  724




14 November 2007



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