Growth Capital

2007 VCT Interim Report

Highlights

Undiluted net asset value per share of 116.37p, a 3.1% increase from year-end (3.9% includingthe 0.9p dividend). Fully diluted net asset value of 112.92p, an increase of 2.4% (3.2% including the 0.9p dividend).
Continued growth from alternative asset investments with qualifying investments now contributing
Five qualifying investments made in the period
Large qualifying investments in pipeline expected to complete in coming months