Elderstreet VCT plc : Interim Management Statement

Elderstreet VCT plc
Interim Management Statement
for the three months ended 30 September 2011

In  accordance with Rule 4.3 of the Disclosure  and Transparency Rules of the UK
Listing  Authority, Elderstreet VCT plc presents an Interim Management Statement
for the three month period ended 30 September 2011.  The statement also includes
relevant  financial information between  the end of  the period and  the date of
this statement.

Dividends
On 6 July 2011 the Company paid a final dividend of 2.0p per share in respect of
the year to 31 December 2010.  On 31 August 2010, the Board declared an interim
dividend of 2.0p per share in respect of the year to 31 December 2011, payable
on 2 December 2011 to Shareholders on the register at 4 November 2011.

Performance
The Company's performance to 30 September 2011 is summarised as follows:
                           30 September     30 June    31 March   31 December
                                   2011        2011        2011          2010

                                  Pence       Pence       Pence         Pence

                              Unaudited   Unaudited   Unaudited       Audited

 Ordinary Shares

 Net Asset Value ("NAV")           66.8        71.1        73.7          76.6

 Cumulative Dividends              52.0        50.0        50.0          50.0

 Total Return *                   118.8       121.1       123.7         126.6



* NAV plus cumulative dividends paid since launch

Investment portfolio summary at 30 September 2010
                                                                       Valuation
                                                                        movement
                                                                         between
                                                                 1 July 2011 and
                                                  Cost Valuation     30 Sep 2011

                                                 £'000     £'000           £'000

Ten largest investments by value

Wessex Advanced Switching                           60     2,467
Products Limited                                                               -

Smart Education Limited                          1,274     1,901               -

Fords Packaging Systems Limited                  1,047     1,418               -

Access Intelligence plc           Quoted on AIM  1,633     1,325               -

Lyalvale Express Limited                           915     1,255               -

Snacktime plc                     Quoted on AIM  1,375     1,128           (449)

AngloINFO Limited                                  662       732               -

Baldwin & Francis (Holdings)                       690       572
Limited                                                                        -

Fulcrum Utility Services plc      Quoted on AIM    500       562            (32)

Aconite Technology Limited                         562       562               -



Subtotal                                         8,718    11,922           (481)

Other venture capital investments                3,666     1,274           (169)

Listed fixed income securities                   1,408     1,461              21



Total                                           13,792    14,657           (629)


All investments are unquoted unless otherwise stated.

Investment additions during the three months ended 30 September 2011


                              £'000



 Aconite Technology Limited     102
                            --------

Since  the period end the Company has invested a further £24,000 in fixed income
securities.

Investment disposals during the three months ended 30 September 2011

There  have been  no disposals  in the  three months ended 30 September 2011 and
since the period end and the date of this report.

Changes to share capital
                                    Ordinary Shares of
                                         5p each

                                        Shares   £'000

 As at 1 July 2011                  29,032,002   1,452

 Shares bought back and cancelled            -       -
                                  ---------------------
 As at 30 September 2011            29,032,002   1,452
                                  ---------------------

There have been no changes in share capital since the period end.

Material events
Other than described above, there were no material events during the period from
1 July 2011 to 30 September 2011 or in the period from 1 October 2011 to the
date of this announcement.








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     originality of the information contained therein. 
    
Source: Elderstreet VCT plc via Thomson Reuters ONE

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