Foresight VCT PLC : Sale of Investment

Foresight VCT plc

26 October 2011

Conditional disposal of investment in App-DNA Group Limited

The  Board of  Foresight VCT  plc is  pleased to  announce that  the Company has
reached  conditional agreement for  the sale of  its investment in App-DNA Group
Limited to Citrix Systems Inc.

Citrix Systems Inc is acquiring all of the equity in App-DNA Group Ltd for a
total consideration of $92m, subject to completion adjustments. This would
deliver Foresight VCT plc an 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.

It  is anticipated  that completion  will occur  in November  2011, once certain
closing conditions have been fulfilled. The Board expects to update shareholders
with further details, once completion has occurred.

App-DNA  is  a  leading  specialist  in  Application Migration and Compatibility
Software  including App-DNA(TM) and  AppTitude(TM) which it  distributes to blue
chip companies around the world.

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
on final completion.

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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