Foresight Solar VCT PLC : Net Asset Values & Tr...

Foresight Solar VCT Plc

NAV Statement and Trading Update

22 January 2015

• Net Asset Value  at 31 December 2014  approximately 104p per Ordinary Share, after the payment of a 3.0p per Ordinary Share dividend in November 2014
• Ordinary Share bond proceeds fully deployed and "C" Share capital fully committed

NAV UPDATE AS AT 31 December 2014

Foresight Solar VCT Plc is pleased to report that its unaudited Ordinary ShareNet Asset Value ("NAV") has increased to approximately 104p per Ordinary Share at 31 December 2014 (after the payment of a 3.0p per Ordinary Share dividend in November 2014) compared to 101.9p per Ordinary Share as at 30 June 2014.

The unaudited "C" Share NAV decreased slightly from 98.0p per C Share to approximately 95p per C Share after the payment of a 2.5p per C Share dividend also during November 2014.

TRADING UPDATE: ORDINARY SHARES

In December 2014, Foresight Solar VCT plc completed the acquisition of a 16.4MW operating asset. The asset "Turweston" is located in Brackley, Buckinghamshire, and was connected to the grid on 8 December 2014, thus qualifying for a 1.4 ROC level. The plant has been acquired from BELECTRIC UK & BELECTRIC GmBH ("BELECTRIC") a world leader in the construction and operation of solar farms having installed over 1.5GW of solar power globally. The acquisition was funded using the proceeds of the Bond refinancing that was completed by Foresight Group in 2013.

TRADING UPDATE: "C" SHARES:

Foresight Solar VCT Plc has exchanged on two UK sites with one further site now under exclusivity. Combined, these sites have a capacity of 11.9MW and represent an investment requirement of c. £10m. A further £1.8m of "C" share capital has been committed to a US Solar project.

ENDS

For further information

Foresight Group

Gary Fraser                                                                                                                            0203 667 8100

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Source: Foresight Solar VCT PLC via Globenewswire

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