Interim Management Statement

Keydata Income VCT 1
                  KEYDATA INCOME VCT 1 PLC

Interim Management Statement

This statement covers the period from 1 March 2007 to the date of release of the
statement on 7 January 2008.

On 19 June 2007, the Company announced it had signed agreements to invest
£6.2million in a series of renewable energy power generation projects in
conjunction with Keydata Income VCT 2 plc and Docherty Heat and Energy
Distributor Limited, an associate company of Centralgrange Environmental Waste
Limited.

On 27 June 2007, these agreements became unconditional and initial down-payments
have been made in respect of the investments.

Construction progress remains on track for completion and grid connection on or
before 31 October 2008.

With respect to the inadvertent breach of VCT regulations in the previous
financial year, which was notified to shareholders in our interim accounts, we
can now report a satisfactory outcome. HMRC have confirmed that, notwithstanding
the inadvertent breach, the VCT's tax approval status will not be affected.

The most recent unaudited Net asset value per ordinary share as at 30 November
2007, the end of the third quarter, was 97.30 pence.

7 January 2008

For further information please contact:

-0-
*T
Craig McNeil
Company Secretary
Keydata Income VCT 1 plc
0141 228 6310
*T