Ingenious 1 G Regulatory News (IE1G)

15 May 2013 07:00

Ingenious Entertainment VCT 1 plc (“the Company”)

Interim Management Statement

For the period 1 January 2013 to 14 May 2013

OVERVIEW AND FUNDRAISING

With the Ordinary, C and D Share classes now fully invested, the Company continues to actively seek new investments to complement the current investment portfolio and to deploy any remaining funds on behalf of the E Shares, F Shares, G Shares and H Shares jointly with Ingenious Entertainment VCT 2 plc (together “the Entertainment VCTs”).

The H Share Offer raised a gross amount of £3.39 million during the period from the opening of the Offer to 5 April 2013 across the Entertainment VCTs. The Company has also announced that the H Share Offer has been extended to 5pm on 30 August 2013.

ACTIVITY

In February 2013, the Entertainment VCTs made an investment into Saturn Star Limited to promote a brand new music festival, As One in the Park, which is to be aimed predominately at the vibrant gay community in London and beyond. Our partners in the event already run a series of successful gay clubs and, with the event to be held on Sunday 26 May as a site share with our already well-established Field Day event (to be held on 25 May), we consider that the reduced cost base of the event makes for an even more compelling opportunity to create yet another unique event brand.

In March 2013, the VCTs also made an investment into Hop Farm Comedy Limited in order to produce a unique comedy based festival to be staged in summer 2014. The event will also focus upon delivering a brand new event in an area of entertainment that has become incredibly popular and which regularly attracts large live audiences.

In terms of the current portfolio, ticket sales for the summer 2013 events have begun well and Field Day, Love Supreme and Shakedown are all showing encouraging levels of sales in spite of the rather long period of winter weather experienced in the first quarter of the year and beyond.

The Liverpool Sound City 2013 conference and live music event was also held between 2 and 4 May. The event attracted record attendances and continues to go from strength to strength.

The fifth series of Let’s Dance took place in February and March 2013 and achieved its usual strong audience ratings. We are delighted to announce that Let’s Dance for Comic Relief 2013 has been nominated for a prestigious Rose D’Or European television award.

DIVIDEND PAYMENT

The Company announced dividends of 20p per share on the Ordinary Share class and 5p per share on the C Share, D Share, E Share and F Share classes on 30 January 2013 (2012: 5p per Ordinary, C, D, E and F Share classes). These dividends were paid on 28 February 2013 to shareholders on the register on 8 February 2013. The Company also announced dividends of 5p per share on the G Share class on 10 April 2013 (2012: £Nil) which were paid on 9 May 2013 to shareholders on the register on 19 April 2013.

NON-QUALIFYING INVESTMENTS

Currently, £6.8 million of the remaining proceeds raised by the Company under its Ordinary Share, C Share, D Share, E Share, F Share, G Share and H Share Offers (see below) are invested by the Manager in a number of cash funds (OEICs), and in a balanced multi-asset management portfolio, in accordance with the investment policy of the Company. Such investments have been made while the majority of those funds await investment in suitable VCT qualifying investments.

ALLOTMENT OF H SHARES

In December 2012, the Entertainment VCTs launched the H Share Offer to create further pools of capital. As at 5 April 2013 the Entertainment VCTs had each allotted 1,735,921 H Shares.

Enquiries to:

Sarah CruickshankCompany SecretaryIngenious Entertainment VCT 1 plc15 Golden SquareLondonW1F 9JG

0207 319 4000

Powerscourt GroupJustin Griffiths/Carmen Murray

Tel: 0207 250 1446ingenious@powerscourt-group.com

Copyright Business Wire 2013