Corporate Update

For Immediate Release7.00am 27 January 2010


                                 Hygea VCT plc
                           ("Hygea" or "the Company")

                                Corporate Update

Hygea VCT has sent the following corporate update letter to its Shareholders
today:



Dear Shareholder,

I am pleased to provide you with an update since my last letter to you in
November 2009 and in particular explain the use of the funds received from our
recent disposal of BioAnaLab and DxS.

As I intimated in my last letter, we have decided to declare an interim dividend
of 10p per ordinary share payable on 5th March 2010 to shareholders on the
Register on 5th February 2010. We also intend to propose a final dividend of 5p
per ordinary share for approval at the Annual General Meeting which will be held
on 6th May 2010. We expect that you will receive the audited accounts for the
year ended 31st December 2009 in early April and these will contain the Notice
of the Annual General Meeting.

In the last three months we have made follow-on investments into Freehand
Surgical of £300,000, Glide of £100,000, Insense of £200,000 and £250,000 into a
new investee company - Exosect, a developer of pest control solutions based on
biology rather than chemicals. Freehand Surgical is the successor company of
Prosurgics which required a reorganisation to focus on the camera holding robot
which has been developed for use by keyhole surgeons. We expect to make three
more follow-on investments into existing investee companies in the next two
months and are exploring two new opportunities which have been presented to us.

In order to assist shareholders to use our Sharemark trading facility, we intend
to explain this via a webconference. If you would be interested in joining this
webconference please e-mail our Company Secretary at [e-mail]
<mailto:[e-mail]>.

I will be providing a further update in my Chairman's statement which will be
included in the annual accounts.


Yours  sincerely,

James Otter
Chairman.


Enquiries:

Charles Breese, Hygea VCT plc on 01280 703482 [e-mail]
<mailto:[e-mail]>
Roland Cornish, Beaumont Cornish Limited on 020 7628 3396


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