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Ordinary Shares

The performance of Ordinary Shares for the six years ending 30 September 2007 is:

	30/09/2002	30/09/2003	30/09/2004	30/09/2005	30/09/2006	30/09/2007
Nav¹	65.0p	72.1p	78.5p	93.9p	98.5p	102.7p
Dividends²	18.5p	19.4p	24.2p	29.0p	33.5p	38.0p
Total	83.5p	91.5p	102.7p	122.9p	132.0p	140.7p

Return on initial NAV: 48.1%

¹ NAV per share (adjusted for IFRS), extracted from the unaudited interim financial information of the Company for each of the six month periods ending on the relevant date and the audited accounts of the Company to the relevant period.

² Cumulative dividends per share (adjusted for IFRS).

10 year total return to shareholders

Source: BSC VCT plc Interim report, October 2007.