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Spark VCT PLC (KAY)

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Thursday 19 November, 2009

Spark VCT PLC

Interim Management Statement


SPARK VCT plc ('the Company')

Interim Management Statement

This Interim Management Statement for the quarter ended 30 September 2009 is
unaudited and is provided in accordance with Rule 4.3 of the UK Listing
Authority's Disclosure and Transparency Rules. The statement also includes
relevant information from the period from 1 October 2009 to the date of issue.
The Statement has been prepared solely to provide information in order to meet
the relevant requirements of the Disclosure and Transparency Rules, and should
not be relied on by shareholders, or any other party, for any other purpose.

Net Asset Value ("NAV")

The NAV as at 30 September 2009 was 23.9p per share compared with a NAV of
24.3p per share as at 30 June 2009. The decline in the NAV of 0.4p per share in
the quarter (1.6%) is accounted for as to approximately one-third by net
operating costs and two-thirds by a downward revaluation in the unquoted
venture capital portfolio.

During the quarter the Company invested a further £26,000 in Academia Networks
Limited as a bridging loan ahead of a new third-party funding round expected to
close at a significantly improved valuation, £109,000 in Sift Group Limited as
part of a £500,000 rights issue and £143,000 in Vivacta Limited as part of a £
2.8 million additional financing round provided by the existing syndicate.

The Company received £1.1m from the release of amounts held in escrow following
the sale in January 2008 of Nomad Payments Limited.

Share Capital

The number of ordinary shares in issue at 30 September 2009 was 110,370,134.
During the quarter ended 30 September 2009, 391,004 shares were bought back for
cancellation.

Other than described above, the Board is not aware of any events during the
period from 1 October 2009 to the date of this statement which would have had a
material impact on the financial position of the Company.

Issued on behalf of the Board

Nghi Tran

Company Secretary

19 November 2009