Interim Management Statement

RNS Number : 3640V

Aberdeen Income & Growth VCT PLC

08 July 2009

Aberdeen Income and Growth VCT PLC (the Company)

Interim Management Statement - Quarter ended 31 May 2009

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

1. Financial highlights

· Net Asset Value* (NAV) of 64.1p per share at 31 May 2009 compared to 63.3p per share at 28 February 2009.

· Final dividend of 2.0p per share to be paid on 24 July 2009, bringing total dividend payment for the year ended 28 February 2009 to 3.0p, equivalent to a yield of 5.0% from an equity investment to a higher-rate taxpayer on an effective initial investment of 80p per share when the initial tax relief of 20% is taken into account. On the current mid-market price of 37.5p, the equivalent yield from an equity investment to a higher-rate taxpayer would be 10.7%.

*The NAV is unaudited and reflects the closing bid price of quoted securities at 31 May 2009. Unlisted companies are normally valued on a six-monthly basis and the NAV incorporates the Directors' valuation of unlisted investments as at 28 February 2009, adjusted for subsequent events where appropriate.

2. Investments and Disposals

During the quarter ended 31 May 2009, investments totalling £192,000 were made in two unlisted companies.

There were no other material transactions during the period under review.

3. Recent developments

Between 1 June 2009 and the date of this statement, investments totalling £1,124,000 were made in two unlisted companies

During the same post quarter-end period, a combination of partial and complete disposals of two unlisted and three AIM quoted investments generated aggregate proceeds of £1,242,000 against cost of £1,194,000.

Other than described above and changes in the value of investments quoted on regulated markets, the Board is not aware of any material events during the period from 1 March to 31 May 2009, or in the period from 1 June 2009 to the date of this announcement, which would have had a material impact on the financial position of the Company.