Interim Management Statement

Murray VCT 4 PLC
20 July 2007


Murray VCT 4 PLC ('the Company')

Interim Management Statement - Quarter ended 31 May 2007

This Interim Management Statement, for the quarter ended 31 May 2007, is
provided in accordance with Rule 4.3 of the Disclosure and Transparency Rules of
the UK Listing Authority and also includes relevant information in respect of
the period from 1 June 2007 to the date of issue. This Statement has been
prepared solely to provide additional information in order to meet the relevant
requirements of the UK Listing Authority's Disclosure and Transparency Rules,
and should not be relied on by Shareholders, or any other party, for any other
purpose.

     
1.   Financial highlights
          
•    Net Asset Value* ('NAV') of 81.1p at 31 May 2007 which, although unchanged 
     from the NAV at 28 February 2007, represents an increase of 4.9% over the 
     three month period when the 4p per share dividend paid on 23 March is taken
     into account.

•    Final dividend of 2.8p per share approved for payment on 27 July 2007.

*The NAV is unaudited and reflects the closing bid price of quoted securities at
31 May 2007. Unlisted companies are valued on a six monthly basis and the NAV
incorporates the Directors' valuation of unlisted investments as at 28 February
2007.


2.   Investments and Disposals

During the quarter ended 31 May 2007, investments totalling £4,011,000 were made
in 14 unlisted or AIM quoted companies.

During the same period, a combination of partial and complete disposals of 16
unlisted or AIM quoted investments generated aggregate proceeds of £2,214,000
against cost of £757,000.

There were no other material transactions during the period under review.

     
3.   Recent developments

Between 31 May 2007 and the date of this statement, investment totalling
£1,194,000 were made in 10 unlisted or AIM quoted companies.

During the same post quarter-end period, disposals of 8 unlisted and AIM quoted
investments generated proceeds of £286,000 against cost of £202,000.

In addition, at the Annual General Meeting of the Company held on 17 July 2007,
Shareholders voted in favour of the Board's recommendation that the Company
should change its name to Aberdeen Income and Growth VCT PLC. The intended
change will be notified to Companies House and confirmed in due course.

Other than described above, Board is not aware of any material events during the
period from 1 March 2007 to 31 May 2007, or in the period from 1 June 2007 to
the date of this announcement, which would have had a material impact on the
financial position of the Company.


Issued on behalf of the Board
Murray Johnstone Limited, Secretary
20 July 2007


                      This information is provided by RNS
            The company news service from the London Stock Exchange