Circ re.Circular re reduction of capital

4 Nov 2013 07:00

4 November 2013

Ingenious Entertainment VCT 1 plc Ingenious Entertainment VCT 2 plc

Publication of a Circular

Ingenious Entertainment VCT 1 plc and Ingenious Entertainment VCT 2 plc (the “Companies”) were launched in November 2007 through an offer for subscription for ordinary shares of 1p each in each of the Companies (the “Ordinary Shares”). It was always anticipated that the Companies would seek to return funds to the subscribers for Ordinary Shares as soon as possible after the five year holding period stipulated in VCT regulations had ended. The fifth anniversary of the close of the offer for Ordinary Shares has now passed and each of the Companies’ boards have agreed formal proposals to return the residual capital paid up on the Ordinary Shares to their holders and to cancel and extinguish the Ordinary Shares by means of a court approved reduction of capital.

The Companies have issued a joint circular setting out these proposals in full and giving notice of general and class meetings (the “Meetings”) at which the resolutions to enable these proposals are to be considered by their respective shareholders. The Meetings are to be held on 28 November 2013.

If the resolutions are passed at the Meetings, a court hearing will take place, following which the cancellation and extinguishment of the Ordinary Shares will be effected. Trading in the Ordinary Shares will then be suspended at 7.00 a.m. on or around 18 December 2013 and their listing and admission to trading will subsequently be cancelled, which is expected to take place on or around 20 December 2013.

A copy of the circular has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do.Enquiries to:

Copyright Business Wire 2013