Interim Management Statement

Close Brothers Venture Cap Tst PLC
04 February 2008



     Close Brothers Venture Capital Trust PLC Interim Management Statement



Introduction

I am pleased to present your Company's interim management statement for the
period from 1 October 2007 to 4 February 2008 as required by the UK Listing
Authority's Disclosure and Transparency Rule 4.3.



Financial Position and Performance

The Company's approximate unaudited net asset value (NAV) as at 31 December 2007
was 112.19 pence per share.  This is after accounting for a dividend of 5 pence
per share which was paid on 4 January 2008.  This is in addition to the dividend
of 5p paid on 5 April 2007.



Portfolio

In the period from 1 October 2007 to 4 February 2008 Close Brothers Venture
Capital Trust PLC have made two investments, both being in existing investments.
These are as follows:


            Investment              Existing/New investee company         £'000s

Churchill Taverns VCT Limited       Existing                                 30
GB Pub Company Limited              Existing                                  5





Top Ten Qualifying Holdings (as at 31 December 2007)
                       Holding                                       Carrying Value £'000s

Kew Green VCT (Stansted) Limited                                             9,392
Country and Metropolitan VCT Limited                                         3,000
The Crown Hotel Harrogate Limited                                            2,442
Prime VCT Limited                                                            2,100
City Screen (Cambridge) Limited                                              1,698
The Bear Hungerford  Limited                                                 1,660
Chase Midland VCT Limited                                                    1,600
The Weybridge Club Limited                                                   1,433
The Place Sandwich VCT Limited                                               1,271
Youngs VCT Limited                                                           1,200



Material Events and Transactions

As mentioned above, a dividend of 5 pence per share was paid on 4 January 2008.

In the period from 1 October 2007 to 4 February 2008, your Company re-purchased
244,546 Ordinary shares at a price of 102.5 pence per share.  This represents
0.68% of the total number of voting rights in the Company before the
transaction.  These shares will be held in treasury.  Buy-backs of treasury
shares during the period were transacted through Winterflood Securities Limited,
a subsidiary of Close Brothers Group plc.

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 the 1 October 2007 and 31 December 2007, and 1 January 2008 and
4 February 2008.



Information regarding historic and current financial performance and other
useful shareholder information can be found on the Funds website under
www.closeventures.co.uk/Our Funds/Close Brothers Venture Capital Trust PLC.



4 February 2008

For further information, please contact:

Patrick Reeve
Close Ventures Limited
Tel: [phone]


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