Statement re Portfolio Update

Aberdeen Growth Opps VCT PLC
01 December 2005


Aberdeen Growth Opportunities VCT PLC


The Directors are pleased to announce the following portfolio update:


Investment Activity

Since the publication of the interim report in May 2005 a total of £2,466,000
has been invested which is made up of eight new and nine follow-on investments.
The following eight new investments were made at a total cost of £1,817,000 :

Astraeus Aviation Solutions Limited (November 2005) - £300,000. Based at Gatwick
Airport, Astraeus Aviation Solutions provides commercial pilot training services
and is licensed by the UK Civil Aviation Authority to train pilots to fly  a
number of  aircraft types.

Chiltern (UK) Limited (November 2005) - £300,000. Based in Altrincham, Chiltern
provides debt management services and negotiates and manages standstill
agreements and repayment plans for credit card holders who can't service their
debts.

Datong Electronics plc (*)  (October 2005) - £164,000. Based in Leeds, Datong is
a producer of devices that enable government intelligence and defence agencies
covertly to track vehicles and mobile phones.

Fieldstreet (Investments) Limited (October 2005) - £301,000. Fieldstreet, which
trades as Equity Insurance (formerly known as Cox Insurance) is a mid-sized
insurance business focused on predominately niche risk areas within motor
insurance.  The business comprises a Lloyd's underwriting business (Syndicate
218), a broking business and a Lloyd's Managing Agent.

Kingsley Cards Limited (July 2005) - £250,000. Based in Skipton, Kingsley Cards
is engaged in the design and production of greeting cards, supplying a number of
the main high street retailers and trade distributors.

Neutrahealth plc (*) (August 2005) - £150,000. Based in Beaconsfield,
Buckinghamshire, Neutrahealth, which trades as BioCare, is a leading provider of
vitamins, mineral supplements, probiotics and other food supplements to health
practitioners and specialist retailers.

United Clearing plc (*) (August 2005) - £202,000. Based in London, United
Clearing is a support services company which provides software based solutions
to mobile communications operators. It offers a financial clearing service which
provides settlement of international roaming traffic.

Vibration Technology Limited (September 2005) - £150,000. Based in Larbert,
Vibration Technology is a developer of a lightweight, cable-free, seismic
acquisition system for use in land seismic surveys.


(*) Quoted on AIM


The portfolio now stands at 45 unquoted & AIM investments totaling £7.17
million.




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