Interim Management Statement

Close Brothers Aim Vct PLC
12 July 2007


            Close Brothers AIM VCT PLC Interim Management Statement


Introduction

I am pleased to present your Company's first interim management statement for
the period from 1st March to the 11th July 2007 as required by the UK Listing
Authority's Disclosure and Transparency Rule 4.3.


Performance

The net asset values (NAV) as at 4 July 2007, as announced on the London Stock
Exchange RNS service on 6 July 2007 for the Ordinary and D shares were 85.9p and
131.4p respectively (after accounting for the dividends). Including the 2.5p
dividends declared but not yet paid on both classes of shares the Ordinary and D
shares appreciated by 0.7% and 6.8% respectively in the period to 4 July 2007.
This compares with a total return for the AIM index of 11.8%. There have been no
material events since the latest net asset value was struck on 4 July 2007, save
a commitment to one new investment in the D share portfolio of £0.3 m.


Portfolios

In the period to 4 July 2007 we have made 8 new investments in the D portfolio
at a total cost of £2.2m and one new investment in the Ordinary portfolio at a
cost of £0.4 m. Both portfolios took some profits in Tanfield, and in the D
portfolio we accepted a cash bid for the holding in Computer Software Group, and
Mears shares for the holding in Careforce. As at 4th July 2007 the Ordinary
portfolio was 81.6% and the D portfolio was 58.8% invested in qualifying
investments.


New Investments in the Period


Company                                      Ordinary Portfolio         D Share Portfolio

                                                 Cost  £000                Cost   £000

Neuropharm PLC                                     400.0                      400.0
Claimar  PLC                                         -                        200.0
B Global PLC                                         -                        150.0
Idox PLC                                             -                        362.0
Tasty PLC                                            -                        149.0
Pressure Technology PLC                              -                        300.0
Invu PLC                                             -                        200.0
Mount Engineering PLC                                -                        431.0



Top Ten Qualifying Holdings (as at 4th July 2007)


Ordinary Portfolio                                            Carrying Value
                                                                  £000s

Tanfield Group PLC                                               1,796.7
Bond International Software PLC                                  1,245.9
Pipex Communications PLC                                         1,089.8
Colliers Cre PLC                                                  981.9
Pilat Media Global PLC                                            973.6
The Clapham House Group PLC                                       939.7
Mears PLC                                                         926.5
Claimar Care Group PLC                                            833.9
Cello Group PLC                                                   765.0
Zetar PLC                                                         731.4




 D Portfolio                                                  Carrying Value
                                                                  £000s

Tanfield Group PLC                                               1,507.5
Claimar Care Group PLC                                           1,123.4
Mattioli Woods PLC                                                692.7
Vertu Motors PLC                                                  600.0
Neuropharm PLC                                                    560.6
Work Group PLC                                                    480.2
Hexagon Human Capital PLC                                         477.2
Zetar PLC                                                         457.2
Idox PLC                                                          434.7
Mount Engineering PLC                                             430.8



All of the top ten qualifying holdings are quoted and valued at bid price as at
4th July.



Dividends

As stated in the Preliminary Announcement of the results for the year to 28
February 2007, the Board has declared a dividend of 2.5p to all Ordinary
shareholders and 2.5p to all D shareholders. All Ordinary and D shareholders on
the register on 6 July will be paid on the 3 August 2007.



Share buybacks and discount

During the period to 11 July 2007, the company repurchased 376,951 Ordinary
shares.  Additionally the Company purchased 146,191 D shares in the period.



As at 4th July, the discount of the Ordinary share price to NAV per share was
6.9%. The discount for the D shares was 8.3%.



12 July 2007

For further information please contact Andrew Buchanan/Kate Tidbury of Close
Investments Limited

Tel: [phone]

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