Maven I&g 4 Regulatory News (MAV4)

19 May 2008 15:30



Aberdeen Growth Opportunities VCT 2 PLC 

Interim Management Statement 

Net Asset Value

Ordinary share net asset value (NAV) of 103.0p at 31 March 2008 (104.9p at 31 December 2007) S Ordinary share net asset value (NAV) of 100.2p at 31 March 2008 (97.2p at 31 December 2007)

The NAVs shown above are unaudited and reflect the closing bid prices of quoted securities at 31 March 2008. Unlisted companies are normally valued on a six-monthly basis and the NAVs include the Directors' valuations of unlisted investments as at 31 December 2007 adjusted for material developments within the portfolios since that date.  

Investments and disposals

For the Ordinary share portfolio, during the quarter ended 31 March 2008, investments totalling £304,000 were made in three unlisted or AIM-quoted companies. During the same period, disposals of six unlisted or AIM quoted investments generated aggregate proceeds of £355,000 against cost of £325,000.

For the S share portfolio, during the quarter ended 31 March 2008, investments totalling £359,000 were made in three unlisted or AIM-quoted companies. During the same period, disposals of three AIM-quoted investments generated aggregate proceeds of £35,000 against cost of £24,000.

There were no other material transactions during the period under review. 

Recent developments 

For the Ordinary share portfolio, between 31 March 2008 and the date of this statement, two further investments totalling £308,000 were made in unlisted companies. During that time, disposals generated proceeds of £188,000 against cost of £103,000.

For the S share portfolio, two further investments totalling £274,000 were made in unlisted companies. During that time, disposals generated proceeds of £100,000 against cost of £47,000.

The Board is not aware of any other events or transactions that have taken place between 31 December 2007 and the date of publication of this statement and which would have had a material impact on the financial position of the Company. 

Issued on behalf of the Board

Aberdeen Asset Management PLC, Secretary

19 May 2008

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