EGM Statement

HYGEA VCT PLC ("the Company")

30 July 2007

Extraordinary General Meeting ("EGM")

The Company is pleased to announce that at today's EGM all
resolutions were passed. The resolutions related to the appointment
of the Board as the Company's new investment manager, new performance
incentive fee arrangements in respect of the new investment manager
and changes to the existing investment manager's role.

These resolutions will enable the Board to reduce the cost base
further and allow it to support directly portfolio companies in their
growth and development.

For further information please contact:

Hygea VCT plc                020 7710 2804
Chris Hulatt

Brewin Dolphin Securities   0845 270 8612
Neil Baldwin

ENDS

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