Interim Management Statement

Close Brothers Venture Cap Tst PLC
16 August 2007


     Close Brothers Venture Capital Trust PLC Interim Management Statement


Introduction

I am pleased to present your Company's first interim management statement for
the period from 1st April to 16 August 2007 as required by the UK Listing
Authority's Disclosure and Transparency Rule 4.3.

Financial Position and Performance

The Company's approximate unaudited net asset value (NAV) as at 30 June 2007 was
116 pence per share.  This is after accounting for a dividend of 5 pence per
share which was paid on 5 April 2007.

If a Shareholder requires information regarding the current NAV please refer to
www.closeventures.co.uk or the London Stock Exchange RNS service.

Portfolio

In the period from 1 April 2007 to 16 August 2007 Close Brothers Venture Capital
Trust PLC have made five investments, two being in existing investments and
three in new investments.  These are as follows:


            Investment                 Existing/New investee company                  £'000s
B & B Sky (Heathrow) Limited        New                                               1,000
The Crown Hotel Harrogate Limited   Existing                                           900
Churchill Taverns VCT (Hotels)      New                                                850
Limited
Bravo Inns Limited                  New                                                450
Churchill Taverns VCT  Limited      Existing                                           130



The new investee companies are as follows:

B & B Sky (Heathrow) Limited: purchase of the 19 bedroom Stanwell Hall Hotel
near to Heathrow's Terminal 5.
                                  
Churchill Taverns VCT (Hotels) Limited: purchase of the Lion Hotel in
Huntingdon.

Bravo Inns Limited: is a newly formed company to purchase and operate 6 freehold
pubs in the North West of England.




Top Ten Qualifying Holdings (as at 30 June 2007)

                       Holding                                       Carrying Value £'000s
Kew Green VCT (Stanstead) Limited                                            9,225

Country and Metropolitan VCT Limited                                         3,013

The Crown Hotel Harrogate Limited                                            2,428

Prime VCT Limited                                                            2,200

The Bold Pub Company  Limited                                                1,724

City Screen (Cambridge) Limited                                              1,711

The Bear Hungerford  Limited                                                 1,615

Chase Midland VCT Limited                                                    1,598

The Weybridge Club Limited                                                   1,416

The Place Sandwich VCT Limited                                               1,266


Material Events and Transactions

As mentioned above, a dividend of 5 pence per share was paid on 5 April 2007.

In a Circular dated 29 June 2007, Shareholders were asked to consider the
continuation of Close Brothers Venture Capital Trust PLC, amendments to the
Manager's remuneration and an increase in the Directors' remuneration.  At the
AGM on 6 August 2007, Shareholders accepted these resolutions, with the
resolution for the continuation of Close Brothers Venture Capital Trust PLC
being passed by a majority vote of over 99.74%.
                                
In the period from 1 April 2007 to 16 August 2007, your Company did not
re-purchase any shares.

On 8 August the Company sold its investment in The Bold Pub Company Limited.
The proceeds of this sale were £1.98m and this realised a profit of £589,147.

There have been no further material events or transactions that the Board are
aware of between the 30 June 2007 and 16 August 2007.


16 August 2007
For further information, please contact:
Patrick Reeve
Close Ventures Limited
Tel: [phone]


                      This information is provided by RNS
            The company news service from the London Stock Exchange  ND
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