Agreement Novation

Close Brothers Aim Vct PLC
02 October 2006

                                                                  2 October 2006



                            CLOSE BROTHERS AIM VCT PLC

                                (the 'Company')





It is announced that with effect from 30 September 2006 the business of the
Company's Investment Manager, Close Investment Limited, has been transferred to
Close Investments Limited.



The Company has novated its management contract to the new entity of Close
Investments Limited, on the same terms and conditions.




                                     -Ends-





Further information:

Andrew Buchanan - Close Investments Limited - tel: [phone]


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