Foresight VCT PLC : Statement re Possible Merger

Foresight VCT plc and Foresight 2 VCT plc

Update on possible merger between Foresight VCT plc and Foresight 2 VCT plc (the "Companies").

Since the announcement on 4 August 2015, the Boards of the Companies have received advice on the proposed regulatory changes affecting Venture Capital Trusts including the timing of implementation and the impact they are likely to have on the future management of Venture Capital Trusts. Although there can be no certainty that the proposed changes are in final form until the grant of Royal Assent to the Finance Bill 2015 the Boards of both Companies believe in view of the clarification they have received that it is now in the interests of all shareholders in the Companies to progress towards agreeing terms for the merger. The Boards expect to write to both sets of Shareholders with respect to the proposed merger by early November.

For further information please contact:

Gary Fraser, Foresight Group:   020 3667 8100

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Source: Foresight VCT PLC via Globenewswire

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