Foresight 4 VCT PLC : EGM Statement

FORESIGHT 4 VCT PLC

GM Results

26 January 2012

This announcement is made by Foresight 4 VCT plc ("the Company") in connection with the proposed merger of the Company with Foresight 5 VCT plc ("Foresight 5"), Acuity VCT 3 plc ("Acuity 3") and Foresight Clearwater VCT plc ("Foresight Clearwater"). The merger will be completed pursuant to schemes of reconstruction under Section 110 of the Insolvency Act 1986 whereby each of Foresight 5, Acuity 3 and Foresight Clearwater will be placed in members' voluntary liquidation and will transfer all of their assets and liabilities to the Company) in consideration of shares being issued by the Company (each a "Scheme"), details of which were contained in the Company's circular to shareholders ("the Circular") dated 22 December 2011.

The Board is pleased to announce that at the general meeting of the Company held on 26 January 2012, the resolutions proposed in connection with the proposed merger and related matters, as set out in the Circular, were duly passed on a show of hands as follows:

• Resolution 1 to approve the change to the Company's investment policy - 4,276,231 (96.61%) proxy votes received being in favour (or at the chairman's discretion); 

• Resolution 2 to amend the Company's articles of association to create and convert C ordinary shares of 1p each in the capital of the Company, issue ordinary shares of 1p each in the capital of the Company pursuant to such subsequent conversion and purchase any deferred shares arising pursuant to such subsequent conversion - 4,209,823 (95.07%) proxy votes received being in favour (or at the chairman's discretion);  

• Resolution 3 to approve the acquisition of the assets and liabilities of Foresight 5 and the allotment of shares pursuant to its requisite Scheme - 4,154,717 (94.46%) proxy votes received being in favour (or at the chairman's discretion); 

• Resolution 4 to approve the acquisition of the assets and liabilities of Acuity 3 and the allotment of shares pursuant to its requisite Scheme -4,146,324 (94.47%) proxy votes received being in favour (or at the chairman's discretion); 

• Resolution 5 to approve the acquisition of the assets and liabilities of Foresight Clearwater and the allotment of shares pursuant to its requisite Scheme - 4,171,006 (94.60%) proxy votes received being in favour (or at the chairman's discretion); 

• Resolution 6 to authorise the directors to allot shares, disapply pre-emption rights and authorise the Company to make market purchases of shares - 4,218,645 (95.40%) proxy votes received being in favour (or at the chairman's discretion); and 

• Resolution 7 to approve the cancellation of the share premium account of the Company, and the capital redemption reserve (in each case subject to the Court) -4,279,693 (96.98%) proxy votes received being in favour (or at the chairman's discretion). 

A copy of the resolutions passed at the above meeting will shortly be available for inspection on both the Company's website (www.foresightgroup.eu) as well as at the National Storage Mechanism (www.hemscott.com/nsm.do).

The Board are currently considering proposals to, subject to shareholder approval, offer an enhanced buyback facility of both the ordinary shares and C ordinary shares following completion of the merger.

For further enquiries please contact:

Gary Fraser
Foresight Fund Managers Limited
Company Secretary
Telephone: [phone]

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information contained therein.

Source: Foresight 4 VCT PLC via Thomson Reuters ONE

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