VCT Merger

The Boards of Foresight VCT plc and Keydata Income VCT 1 plc and Keydata Income
VCT 2 plc (together "the companies") today announce that, following the
appointment of Foresight Group LLP as the interim manager of Keydata Income VCT
1 plc and Keydata Income VCT 2 plc ("the Keydata VCTs") in June 2009, terms for
the merger of the companies, with a view to creating cost savings and other
strategic benefits, are at an advanced stage of discussion between the Boards.

Any merger would require the approval of the companies' shareholders and
discussions between the Boards are proceeding on the basis that, subject to that
approval, a merger would be effected pursuant to a scheme of reconstruction
under which the assets and liabilities of the Keydata VCTs would be transferred
to Foresight VCT plc in consideration for the issue of Foresight VCT plc shares
directly to the shareholders of the Keydata VCTs. The merger would be completed
on a relative net asset basis as at the date of the merger.







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