Interim Management Statement

SPARK VCT plc ('the Company')

Interim Management Statement

This Interim Management Statement for the quarter ended 31 March 2009, is
unaudited and is provided in accordance with Rule 4.3 of the Disclosure and
Transparency Rules of the UK Listing Authority. The statement also includes
relevant information from the period from 1 April 2009 to the date of issue.
The 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.

Net Asset Value (NAV)

The NAV as at 31 March 2009 was 26.1p per share compared with an NAV of 26.8p
per share as at 31 December 2008. The decline is largely due to a downward
re-valuation of the unquoted investment in Skinkers Limited and reflects a
follow-on round in which the Company contributed £122,000. During the quarter
the Company also invested a further £26,000 in Academia Networks Limited. After
the period end, one follow-on investment of £202,000 has been made in Secerno
Limited.

Share Capital

The number of ordinary shares in issue at 31 March 2009 was 110,761,138. During
the quarter ended 31 March 2009, 300,000 shares were bought back.

Other than described above, the Board is not aware of any events during the
period from 31 March 2009 to the date of this statement, which would have had a
material impact on the financial position of the Company.

Issued on behalf of the Board

Nghi Tran

Company Secretary

19 May 2009