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Tuesday 03 April, 2007


Completion of First Exit

IBIS Media VCT 1 plc
03 April 2007


                              IBIS Media VCT 1 plc



Exit of Investment in Quintus Management Holdings Ltd (Quintus)

We are pleased to announce that IBIS Media VCT 1 plc (IBIS) has completed its
first exit. Quintus, IBIS' first investee company, has announced that it is
being acquired by IMG, the world's largest company dedicated to the marketing
and management of sport, leisure and lifestyle.

This is IBIS' first exit and represents a 42% uplift on the original investment
level, and an Internal Rate of Return (IRR) of 53% over the period of the

IBIS' exit from Quintus is as a result of the cash acquisition of 100% of
Quintus by IMG. IBIS announced an investment of £400,000 in Quintus on 6th June

IBIS' Chairman, Sir Robin Miller, said: 'Although we typically make investments
on a 3-5 year time horizon, we are naturally pleased to have achieved a
successful exit of our first investment within a year. We hope that Quintus will
continue to thrive under its new ownership and are pleased that our confidence
in Quintus' CEO, Peter Worth, and his team, is shared by the largest company in
the world in Quintus' field.'

Additional Information

IBIS announced an investment of £400,000 in Quintus on 6th June 2006. IBIS'
share of the proceeds from the sale of Quintus of £568,161, equates to an uplift
of 42%, and an IRR of 53%, influenced by the fact that the investment was held
for less than a year.

Quintus was established in 2003 and focuses on building brands and events and
the exploitation of intellectual property rights in the field of sport and
entertainment. Under the leadership of CEO and major shareholder, Peter Worth,
the company has delivered an unbroken record of profitable growth.

The company's website is at

Additional Information

IBIS raised £5.74 million under its original Offer for Subscription and has
raised a further £1.6 million to date under its current Offer which is scheduled
to close on 27 April 2007, unless the Offer period is extended by the Board. The
original Quintus investment represents 5.4% of the total monies raised to date,
while the uplift on exit is equivalent to a 2.2% increase on the monies raised
to date.

Update on portfolio development

IBIS's dealflow has remained strong and advanced negotiations are in place with
regards to 3 investment opportunities where investment terms have been agreed.
The completion of these investments is subject, amongst other things, to the
satisfactory completion of commercial, accounting and legal due diligence. There
is no guarantee that any of these investments will take place. We hope to be
able to provide shareholders with a more detailed update shortly.

IBIS Capital Ltd                                                    3 April 2007

Contacts for further information:
David Forster                                                      020 7070 7080
David Stephens                                                     020 7070 7080

This press release is issued by IBIS Capital Limited which is authorised by the
Financial Services Authority in its conduct of investment business (FSA number
228880) and whose registered office is at 22 Soho Square London W1D 4NS. This
press release may constitute a financial promotion in relation to the Prospectus
published by IBIS Media VCT 1 Plc ('the Company') on 27 October 2006. It does
not and is not intended to provide the recipient with all of the information
which a potential investor might require regarding the assets, liabilities and
prospects of the Company in order to make an informed assessment as to the
merits of an investment pursuant to the Offer. The information contained in the
Prospectus represents the only basis on which investors may apply to subscribe
under the Offer.

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