Interim Management Statement

Maven Income and Growth VCT 4 PLC

Interim Management Statement

1. Net Asset Value

·; Ordinary NAV Total Return of 116.8p per share and NAV of 96.5p at 30 September 2011.

·; S Ordinary share NAV Total Return of 110.09p and NAV of 101.5p at 30 September 2011.

The NAVs shown above are unaudited and reflect the closing bid prices of quoted securities at 30 September 2011. Unlisted companies are normally valued on a six-monthly basis and the NAVs include the Directors' valuations of unlisted investments as at 30 June 2011 adjusted for material developments within the portfolios since that date.

2. Investments and disposals

During the quarter ended 30 September 2011, the Ordinary share portfolio invested £275,000 in private equity investments. During the same period, disposals generated aggregate proceeds of £599,540 against a cost of £258,657.

The S share portfolio invested £184,000 in private equity investments during the same period, and generated aggregate disposals proceeds of £260,107 against cost of £121,193.

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

The Board is not aware of any other events or transactions that have taken place between 30 September 2011 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

Maven Capital Partners UK LLP, Secretary

16 November 2011