Statement re possible merger

FORESIGHT VCT PLC 

8 June 2015

Possible merger between Foresight VCT plc and Foresight 2 VCT plc (the "Companies")

The boards of directors of the Companies announce that they have entered into discussions regarding a possible merger of the Companies (the "Merger"). If the Merger is to proceed the current intention is that it will proceed by way of a scheme of reconstruction under the Insolvency Act 1986 which, on this basis, would be outside the provisions of The City Code on Takeovers and Mergers. 

If the Merger proceeds it would be expected to achieve significant cost savings through the establishment of a single, enlarged VCT with net assets of approximately £110 million.

A further announcement will be made in due course.

For further information, please contact:

Gary Fraser

Foresight Group LLP

Telephone: [phone]

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Foresight VCT PLC via Globenewswire

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