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Aberdeen Income and Growth VCT results –further increases in NAV total return and impressive yields

In its first statement to Shareholders following the change of Company name from Murray VCT 4 PLC in July 2007, the Board of Aberdeen Income and Growth VCT PLC has announced its interim results for the six months ended 31 August 2007. This continues the healthy improvements seen by Shareholders since the change of principal fund manager of this VCT in 2004, with an increase of 22.1% in NAV total return in that period. Highlights are:

• NAV Total return (*) increased by 3.1% over six months to 102.7pps.
• Since September 2004 (the reporting date closest to the change of principal fund manager) the NAV total return per Ordinary Share has increased by 22.1%.
• The Company paid dividends totaling 6.8pps to Shareholders in the six months ended 31 August 2007.
• The Board has declared an interim dividend of 3.5pps payable on 7 December 2007.
• Total distributions of 10.3pps during the twelve months ending 31 December 2007, equivalent to an annual yield of
• 17.2% to a higher-rate taxpayer on an effective initial investment of 80pps, or
• 27.5% for a higher-rate taxpayer on the mid-market share price of 50pps as at 11 October 2007.
• An exceptionally strong period of new investment - 7 new unlisted and 10 significant AIM investments made, with a total of £5.4 million invested in the six months to 31 August 2007.

*NAV per share plus dividends paid

Supporting Information:

• Highly diversified generalist VCT, with multi-asset private equity and AIM portfolios
• Access to around 1,000 investment opportunities per annum – supporting the Manager’s strategy of finding suitable private equity transactions which offer growth and a healthy running yield, in tandem with an actively managed AIM business.

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