Interim Management Statement

Interim Management Statement

Introduction
I  am pleased to present the Crown  Place VCT PLC's interim management statement
for  the period  from 1 January  to 11 May  2010 as required  by the  UK Listing
Authority's Disclosure and Transparency Rule 4.3.

Performance and dividends
The  Company's unaudited net asset value (NAV), based on management accounts, as
at  31 March 2010 was £24.1  million (31 December  2009: £24.8 million) or 33.5
pence  per share (excluding  treasury shares) (31  December 2009: 34.2 pence per
share). This is after accounting for the second dividend for the year to 30 June
2010 of  1.25 pence per  share (total  cost: £902,000),  paid on 9 April 2010 to
shareholders on the register as at 12 March 2010.

After  adding back  the second  dividend for  the financial  year, the net asset
value  has risen by 0.6 pence or 2 per cent. since 31 December 2009, mainly as a
result of an increase in the valuation of the Company's unquoted investments.

Share issues, buybacks and discount management
On  9 April 2010, the Company issued 110,944 Ordinary shares of 10 pence each at
a price of 32.93 pence per share under the Dividend Reinvestment Scheme.

During  the  period  from  1 January  2010 to 11 May 2010, the Company purchased
554,546 shares for cancellation at an average price of 29 pence per share.

It  remains the Board's policy to buy back  shares in the market, subject to the
overall  constraint that such purchases are in the Company's interest, including
the  maintenance  of  sufficient  resources  for  investment in existing and new
investee companies and the continued payment of dividends to shareholders.

It is the Company's intention that, subject to the sufficiency of cash resources
and  any market constraints,  share buy-backs will  take place at  a discount of
around 10 per cent. to the prevailing net asset value.

Portfolio
The  following investments have been made during the period from 1 January 2010
to 11 May 2010:

+-----------------------------------+------+-----------------------------------+
|Name                               |£000's|                                   |
+-----------------------------------+------+-----------------------------------+
|Orchard Portman Hospital Limited   |384   |The two portfolio companies are    |
|(new investment)                   |      |invested in a project which is     |
|                                   |      |converting a nursing home in       |
|Taunton Nursing Home Limited (new  |100   |Taunton, Somerset into a mental    |
|investment)                        |      |health hospital                    |
+-----------------------------------+------+-----------------------------------+
|Forth Photonics Limited (further   |140   |Developer, manufacturer and seller |
|investment)                        |      |of medical devices for the         |
|                                   |      |detection of epithelial cancers    |
+-----------------------------------+------+-----------------------------------+
|Prime Care Holdings Limited        |120   |Provider of domiciliary care       |
|(further investment)               |      |services                           |
+-----------------------------------+------+-----------------------------------+
|The Stanwell Hotel Limited (further|54    |Owner and operator of the Stanwell |
|investment)                        |      |Hotel at Heathrow airport          |
+-----------------------------------+------+-----------------------------------+
|Oxsensis Limited (further          |47    |Developer and producer of          |
|investment)                        |      |industrial sensors used in         |
|                                   |      |super-high temperature environments|
+-----------------------------------+------+-----------------------------------+
|Mi-Pay Limited (further investment)|43    |Provider of mobile payment services|
+-----------------------------------+------+-----------------------------------+
|Rostima Limited (further           |21    |Provider of workforce management   |
|investment)                        |      |solutions software                 |
+-----------------------------------+------+-----------------------------------+
|GB Pub Company VCT Limited (further|4     |Freehold pub owner and operator    |
|investment)                        |      |                                   |
+-----------------------------------+------+-----------------------------------+

Disposal of a material investment
On  9 March 2010, the  Board noted  it was  in advanced  discussions to sell its
interest  in one of its investee companies.  Discussions to sell its interest in
this  investee company are ongoing  and if the investee  company were sold it is
likely  to result in a material uplift in  Crown Place VCT PLC NAV per share but
there  remains no certainty as to whether any transaction will complete. Further
announcements will be made as appropriate.

Other disposals
During  the period from  1 January 2010 to 11 May  2010, the Dunedin Pub Company
VCT  Limited  repaid  £120,000  of  loan  stock, and River Bourne Limited repaid
£4,000  of  loan  stock.  In  addition,  proceeds  of  £229,000 were received in
relation to the part disposal of Avanti Communications plc.

Top ten qualifying holdings (as at 31 March 2010)

+-----------------------------------+---------------------+
| Investment                        | Carrying/fair value |
|                                   | £000's              |
+-----------------------------------+---------------------+
| The Crown Hotel Harrogate Limited | 2,111               |
+-----------------------------------+---------------------+
| ELE Advanced Technologies Limited | 1,712               |
+-----------------------------------+---------------------+
| The Stanwell Hotel Limited        | 1,169               |
+-----------------------------------+---------------------+
| The Charnwood Pub Company Limited | 1,133               |
+-----------------------------------+---------------------+
| Kensington Health Club Limited    | 1,065               |
+-----------------------------------+---------------------+
| Kew Green VCT (Stansted) Limited  | 942                 |
+-----------------------------------+---------------------+
| Geronimo Inns VCT I Limited       | 824                 |
+-----------------------------------+---------------------+
| Geronimo Inns VCT II Limited      | 824                 |
+-----------------------------------+---------------------+
| Avanti Communications plc         | 771                 |
+-----------------------------------+---------------------+
| Blackbay Limited                  | 627                 |
+-----------------------------------+---------------------+

There have been no further significant events or transactions that the Board are
aware  of which would  have a material  impact on the  financial position of the
Company between 1 January 2010 and 11 May 2010.
Further  information regarding  historic and  current financial  performance and
other  useful  shareholder  information  can  be  found  on  the  Fund's website
underwww.albion-ventures.co.uk           <

http://www.albion-ventures.co.uk/>/Our
Funds/Crown Place VCT PLC.

Patrick Crosthwaite, Chairman
11 May 2010

For further information please contact:
Patrick Reeve, Albion Ventures LLP - tel: [phone]


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