Dividend Declaration

Close Brothers Venture Cap Tst PLC
05 March 2007



                     CLOSE BROTHERS VENTURE CAPITAL TRUST PLC



                                SALE OF INVESTMENT

                                       AND

                  FIRST DIVIDEND FOR THE YEAR TO 31 MARCH 2008





The board of Close Brothers Venture Capital Trust PLC ('the Company') is pleased
to announce the disposal of its holding in Premier VCT (Mailbox) Limited, owner
and operator of the 90-bedroom Ramada Hotel in the Mailbox development in
Birmingham.



The Company is receiving approximately £3,680,000 before expenses for its
shareholding compared to cost of approximately £645,000.  In addition, £4
million loan stock is being repaid to the Company, together with accrued
interest of approximately £92,000. The proceeds are in line with the holding
value of the investment in the Company's most recently announced net asset
value, and realise a capital profit of £3 million.



The board is also pleased to announce a first dividend for the year to 31 March
2008 of 5 pence per share (comprising a revenue dividend of 3 pence per share
and a capital dividend of 2 pence per share) payable on 5 April 2007 to
shareholders on the register on 16 March 2007.  The payment of the interim
dividend is earlier than usual as a result of the significant level of cash
proceeds receivable from the disposal.  It remains the board's intention to
continue to pay annual dividends of 10 pence per share, subject to the
availability of revenue and realised capital reserves.



Enquiries:



Patrick Reeve, Managing Director                Close Ventures Limited

Henry Stanford, Director                        Tel:       [phone]



5th March 2007








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