Foresight 4 VCT PLC : Publication of Circular

FORESIGHT 4 VCT PLC

PUBLICATION OF CIRCULAR

Summary

The board of directors ("Board") of Foresight 4 VCT plc (the "Company") is today sending out a circular ("Circular") to shareholders in relation to enhanced buybacks in respect of the ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") and C ordinary shares of 1p each in the capital of the Company ("C Shares") each being for up to 50% of the issued share capital in each share class ("Enhanced Buyback").

The Enhanced Buyback schemes are subject to shareholder approval being provided at a general meeting and class meetings of both share classes being convened for 28 March 2013 pursuant to the Circular. The Enhanced Buyback has opened today for applications and shareholders are recommended to act as soon as possible.

The Enhanced Buybacks in respect of the different share classes are independent of each other. A shareholder may, therefore, participate in respect of Ordinary Shares and/or C Shares provided he holds shares in the relevant class.

Enhanced Buybacks

Enhanced buybacks are arrangements by which, at low cost, shareholders can sell their existing shares back to a VCT and use the proceeds to buy new shares of the same class, on which upfront tax relief is available subject to a shareholder's personal circumstances.

The Enhanced Buyback is structured as an open offer and linked tender offer to all UK shareholders who hold on the register on 21 March 2013. Eligible shareholders may tender some or all of their existing holding in substitution for new shares ("Substitution Shares") subject to aggregates limits of 18,333,353 Ordinary Shares and 9,091,198 C Shares.

The closing date for the Enhanced Buyback is 3 April 2013 where Shareholders request their Substitution Shares be at least partially allotted in the 2012/13 tax year and 30 June 2013 where Shareholders request their Substitution Shares be allotted exclusively in the 2013/14 tax year.

Full details of the Enhanced Buyback, including the terms and conditions and tax consequences of participating, are set out in the Circular and the Enhanced Buyback Application Forms.

Availability of Documents

The Circular has been submitted to the Financial Services Authority and will shortly be available for inspection both at the National Storage Mechanism, which is located at:

http://www.hemscott.com/nsm.do

and the Company's website:

http://www.foresightgroup.eu/page/88/Foresight-4-VCT.htm

For further information in respect of the proposals, please contact Kate Henderson of Foresight ([e-mail]). Please have your relevant shareholder reference number available, which can be found on the top of a shareholder's personalised Enhanced Buyback Application Form.

Please note that no investment or tax advice can be given. Shareholders are further advised to consult their independent financial adviser.

Gary Fraser, Foresight Group LLP, Tel: [phone]

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Source: Foresight 4 VCT PLC via Thomson Reuters ONE

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