Hygea VCT plc : Interim Management Statement

FOR IMMEDIATE RELEASE             17 October 2012

HYGEA VCT PLC

INTERIM MANAGEMENT STATEMENT

Hygea vct plc ('the Company') presents its interim management statement for the period from 1 July 2012 to 16 October 2012. This constitutes the Company's second interim management statement for the financial year ending 31 December 2012, as required by the UK Listing Authority's Disclosure and Transparency Rule 4.3. This statement has been prepared solely to provide additional information in order to meet the requirements of the Disclosure and Transparency Rules and should not be relied on by shareholders, or any other party, for any other purpose.

The unaudited net asset value per ordinary share and the number of shares in issue at 30 September 2012 were 100.3p and 8,115,376 respectively (30 June 2012: 67.2p and 8,115,376 respectively).  There were no shares held in Treasury at either date.

No shares have been issued or repurchased during the period.

At 30 September 2012, the Company's assets included its portfolio of unlisted assets along with £163,304 in cash and £6,281,268 in AIM traded shares valued at bid price. The Scancell share price rose from 12.12p at 30 June 2012 to 33.0p at 30 September 2012. Since that date, the price has continued to rise and at 16 October the bid price was 47.5p. Had our Scancell holding been valued at this price at 30 September, Hygea's NAV would have been 121.5 (after providing for the potential performance fees) with our Scancell investment representing approximately 87p per Hygea share.

As previously reported, during the three months ended 30 September 2012, the Company made further investments of £30,000 into OR Productivity Limited and £50,000 into ImmunoBiology Limited.

The Directors are not aware of any other events which have taken place between 30 September 2012 and the date of publication of this statement, which have had a material effect on the financial position of the Company.

Enquiries:
James Otter, Hygea vct plc on 01730 829877 or [e-mail]
Charles Breese, Hygea vct plc on 01280 703482 or [e-mail]
Roland Cornish, Beaumont Cornish Limited on 020 7628 3396

website: www.hygeavct.com

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Source: Hygea VCT plc via Thomson Reuters ONE

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