Foresight VCT PLC : Completion of Sale of Inves...

Foresight VCT plc

10 November 2011

Completion of disposal of investment in App-DNA Group Limited

The  Board of  Foresight VCT  plc is  pleased to  announce that,  further to its
announcement  on 26 October  2011, the sale  of its  investment in App-DNA Group
Limited to Citrix Systems Inc has now completed.

 As previously stated, Citrix Systems Inc has acquired all of the equity in App-
DNA Group Ltd for a total consideration of $92m and Foresight VCT plc has
received initial consideration of £7.3m, compared to a last reported carrying
value of £4.55m. This equates to an NAV uplift of approximately 10p per ordinary
share and return of approximately 32 times the original cost of investment. In
addition a further £0.9 million of escrow amounts, subject to various
warranties, could be receivable by the ordinary shares of Foresight VCT over the
next four years.

Foresight  VCT plc made  the initial investment  of £0.5m in  Camwood Limited in
2003, and  App-DNA  was  subsequently  demerged  to focus on commercialising the
software that had been developed internally. The Company's investment in Camwood
Enterprises Limited is not altered by this transaction.

Foresight  Group LLP  invested £771k,  on behalf  of Foresight  VCT plc  and The
Income & Growth VCT plc, which will return up to £25m in total to the two funds.

For further information, please contact:

Gary Fraser, Foresight Group: 01732 471800









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Source: Foresight VCT PLC via Thomson Reuters ONE

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