Seneca B Regulatory News (SVCT)

Seneca Growth Capital VCT Plc (the "Company")

12 September 2024

SENECA GROWTH CAPITAL VCT PLC

(the "Company")

Offer for Subscription and Publication of Prospectus

Seneca Growth Capital VCT Plc (LSE: SVCT) is pleased to announce that it has published a prospectus in relation to an offer for subscription for B ordinary shares of 1p each in the Company to raise, in aggregate, up to £5 million with an over-allotment facility of up to a further £5 million (before issue costs) (the "Offer").

The Offer will open on 12 September 2024 and is expected to close no later than 5.00 p.m. on 4 April 2025 in relation to the tax year 2024/25 and will close at 5.00 p.m. on 8 August 2025 in relation to the tax year 2025/26 (unless, in either case, the Offer has been fully subscribed before these dates or closed earlier at the discretion of the Directors).

Pursuant to an Offer Agreement dated 11 September 2024 relating to the Offer between, among others, the Company and Seneca Partners Limited ("SPL"), the investment manager of the Company, SPL as the promoter of the Offer will receive a promoter fee calculated on the value of each application for B Ordinary Shares under the Offer accepted by the Company as follows:

(i) 5.5% for investors who have invested directly into the Company or invested through an intermediary/platform and have not received advice;

(ii) 3.0% for investors who have invested in the Offer through an intermediary and have received upfront advice including investors who are investing through intermediaries/advisers using financial platforms,

less the 1% Early Investment Incentive, the 1% Loyalty Investment Incentive and the 1.5% Direct Applicant Discount where applicable or such lower percentage in each case as may be agreed by the Company and SPL.

As SPL is a related party of the Company under the Listing Rules, the payment of a promoter fee by the Company to SPL, is a transaction to which UK Listing Rule 11.5.7R applies.

To obtain a copy of the Prospectus, free of charge, private investors and financial advisers should contact Seneca Partners Limited on 01942 271 746 or at 9 The Parks, Haydock WA12 0JQ. A downloadable version of the prospectus will also be available from the Company's website: https://senecavct.co.uk/current-offer/. A copy of the Prospectus will shortly be provided to all shareholders of the Company, depending on their expressed communication preferences.

The Prospectus has been approved by the Financial Conduct Authority and will shortly be available to view at the online viewing facility of the National Storage Mechanism at the following website address:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism

For further information, please contact:

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

Siobhan Pycroft, Seneca Partners Limited at siobhan.pycroft@senecapartners.co.uk