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Keydata Income VCTs 1 & 2

Following the appointment of Foresight Group (‘Foresight’) as investment adviser to the Boards of both Keydata Income VCT 1 Plc and Keydata Income VCT 2 Plc (“the Boards”) on 11 June 2009, the Boards and Foresight have been working extensively on extracting value from the Companies’ existing investments, namely the constituent parts of the renewable energy project in St Helens.

It has been previously disclosed that the main contractor had notified the Boards that it was not able to complete the construction of the project due to funding problems and that the Boards were reviewing various options including terminating contracts with the contractor, pursuing a legal claim for damages, the use of an alternative contractor and the sale of the investments.

Working closely with Foresight and benefiting from its experience in environmental infrastructure and specifically its involvement in investments in generating heat and power from biomass plants, the Boards with Foresight have instigated a course of action that has addressed the unresolved issues noted above and extant at the time Keydata Investment Services was placed into administration.

To see the latest announcement regarding the strategic development of up to 10MW of electricity generation with O-Gen UK dated 26 March 2010, please click here.

For historic announcements, please see below.

• Announcement Keydata Income VCT 1 - 1.09.2010

• Announcement Keydata Income VCT 2 - 1.09.2010

• Announcement 19.05.2010

• Newsletter July 2010
• Announcement 19.05.2010
• Announcement 26.01.2010
• Announcement 28.08.2009
• Announcement 11.06.2009
• Keydata Income VCT 1 Half Yearly Report and Accounts
• Keydata Income VCT 1 Annual Report and Accounts
• Keydata Income VCT 2 Half Yearly Report and Accounts
• Keydata Income VCT 2 Annual Report and Accounts

Foresight is intending to provide a detailed update on the asset redeployment to Keydata shareholders during the course of May 2010 at which point, an update on the proposed VCT merger will be given.

    Fund Information
    Keydata Income VCT 1 NAV 50.3p as at last reporting date: November 2009 Mid Price 27.5p as at 30 March 2010
    Keydata Income VCT 2 NAV 50.3p as at last reporting date: November 2009 Mid Price 30.0p as at 30 March 2010
    Dividend History
    30 June 2008 3p per share (Keydata Income VCT 1)
    30 June 2008 3p per share (Keydata Income VCT 2)
    28 June 2007 1p per share (Keydata Income VCT 1)
    28 June 2007 1p per share (Keydata Income VCT 2)
    23 May 2006 0.33p per share (Keydata Income VCT 1)
    23 May 2006 0.33p per share (Keydata Income VCT 2)