Interim Management Statement

Foresight VCT plc
Interim Management Statement for the Quarter Ended 31 March 2010

Foresight  VCT plc  presents its  interim management  statement for  the quarter
ended  31 March 2010.  This  constitutes the  company's first interim management
statement  for the financial year ending 31 December 2010, as required by the UK
Listing Authority's Disclosure and Transparency Rule 4.3.

The  unaudited net asset value (NAV) per  Ordinary Share as at 31 March 2010 was
43.2p (31  December  2009: 39.8p).  The  unaudited  net  asset  value  (NAV) per
Planned  Exit Share as at 31 March  2010 was 94.5p (31 December 2009: N/A).  The
Board is not aware of any significant events or transactions between the date of
the NAV and the date of publication of this Interim Management Statement.

The  number of Ordinary Shares in issue at 31 March 2010 was 48,137,369.  During
the  three months ended  31 March 2010 no shares  were issued or re-purchased by
the company for cancellation.

The  number of  Planned Exit  Shares in  issue at  31 March 2010 was 4,139,395.
 During  the three months ended 31 March 2010 4,139,395 Planned Exit Shares were
issued  at  £1  per  share  but  no  shares were re-purchased by the company for
cancellation.


Net assets of the Ordinary Shares fund at 31 March 2010 comprised the following:
+-------------------------------------------------------+------+---------------+
|                                                       |£'000 |% of Net Assets|
+-------------------------------------------------------+------+---------------+
|Unquoted Investments at fair value as determined by the|      |               |
|Directors                                              |14,755|           70.9|
+-------------------------------------------------------+------+---------------+
|Quoted investments at bid price                        | 4,251|           20.4|
+-------------------------------------------------------+------+---------------+
|Total venture capital investments                      |19,006|           91.3|
+-------------------------------------------------------+------+---------------+
|Net Current Assets                                     | 1,807|            8.7|
+-------------------------------------------------------+------+---------------+
|                                                       |      |               |
|Net Assets                                             |20,813|          100.0|
+-------------------------------------------------------+------+---------------+


Net  assets  of  the  Planned  Exit  Shares  fund at 31 March 2010 comprised the
following:
+--------------------------------------------------------+-----+---------------+
|                                                        |£'000|% of Net Assets|
+--------------------------------------------------------+-----+---------------+
|Unquoted  Investments at fair value as determined by the|     |               |
|Directors                                               |1,038|           26.0|
+--------------------------------------------------------+-----+---------------+
|Quoted investments at bid price                         |    0|            0.0|
+--------------------------------------------------------+-----+---------------+
|Total venture capital investments                       |1,038|           26.0|
+--------------------------------------------------------+-----+---------------+
|Net Current Assets                                      |2,956|           74.0|
+--------------------------------------------------------+-----+---------------+
|                                                        |     |               |
|Net Assets                                              |3,994|          100.0|
+--------------------------------------------------------+-----+---------------+

Quoted  investments  are  carried  at  bid  price  as at 31 March 2010. Unquoted
investments  are carried at fair value as  at 31 March 2010 as determined by the
directors.

During the three months ended 31 March 2010 the following significant investment
transactions   took   place  (all  companies  unquoted  except  where  otherwise
indicated):




Ordinary Shares Portfolio

Follow-on investments:

+----------------------+---------------------------------+---------------------+
|Name of Company       |Business Activity                |Amount Invested £'000|
+----------------------+---------------------------------+---------------------+
|Lynwood Group Holdings|Manufactures building products   |73                   |
|                      |from waste plastic               |                     |
+----------------------+---------------------------------+---------------------+
|@Futsal               |Indoor Futsal Soccer Centres     |71                   |
+----------------------+---------------------------------+---------------------+
|Trilogy               |Communication systems for        |63                   |
|                      |broadcast, homeland security and |                     |
|                      |defence markets                  |                     |
+----------------------+---------------------------------+---------------------+
|Closed Loop           |Recycles waste plastic bottles   |56                   |
|                      |into food grade products         |                     |
+----------------------+---------------------------------+---------------------+
|Silvigen              |Integrated biomass fuel solutions|28                   |
+----------------------+---------------------------------+---------------------+

Investment disposals:

None


Planned Exit Shares Portfolio

New investments:

+---------------------------+----------------------------+---------------------+
|Name of Company            |Business Activity           |Amount Invested £'000|
+---------------------------+----------------------------+---------------------+
|Foresight  Luxembourg Solar|Solar power electricity     |1,038                |
|2                          |generation                  |                     |
+---------------------------+----------------------------+---------------------+

Investment disposals:

None

For further information please contact:

Gary Fraser, Foresight Group:01732 471 800



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