Seneca B Regulatory News (SVCT)

Seneca Growth Capital VCT Plc (the "Company")

Net Asset Values

The Directors and the investment manager of the Company, Seneca Partners Limited, have reviewed the valuation of the Company's portfolios as at 31 March 2019.

The unaudited net asset value per share ("NAV") of an Ordinary share as at 31 March 2019 was 51.1p per share. This is a decrease of 14p from the previously published unaudited NAV as at 31 December 2018 of 65.1p, due to payment of the interim dividend of 10p per Ordinary share, paid on 25 January 2019, and changes in the value of the quoted investments, net of the associated performance fee.

The unaudited NAV of a B share as at 31 March 2019 was 98.9p* per B share. This is a decrease of 0.2p from the previously published unaudited NAV due to changes in the value of a quoted investment, net of running costs incurred in the quarter ended 31 March 2019. The decrease is limited by the impact of the cost cap which restricts the burden of ordinary running costs on the B share class to 3% of the NAV of the B shares.

The Directors intend to announce the audited results for the 12 months ended 31 December 2018 before the end of April 2019.

\* The NAV of a B share as at 31 March 2019 is before deduction of the interim dividend of 1.5p per B share, announced on 6 March 2019 and paid on 18 April 2019.

For further information, please contact:

John Hustler, Seneca Growth Capital VCT Plc at john.hustler@btconnect.com

Richard Manley, Seneca Growth Capital VCT Plc at Richard.Manley@senecapartners.co.uk