SENECA GROWTH CAPITAL VCT PLC 
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HYGEA VCT PLC
INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 31 MARCH 2009
Hygea vct plc ('the Company') presents its interim management statement for the quarter ended 31 March 2009.Thisconstitutes the Company's firstinterim management statement for the financial year ending 31 December 2009, as required by the UK Listing Authority's Disclosure and Transparency Rule 4.3.This statement has been prepared solely to provide additional information in order to meet the requirements of the Disclosure and Transparency Rules and should not be relied on by shareholders, or any other party, for any other purpose.
The unaudited net asset value per ordinary share and the number of shares in issue at 31March 2009were 69.1p and 7,788,191respectively(31 December 2008: 66.2p and 7,788,191 respectively).There were no shares held in Treasury at either date.
On 3 April 2009, a total of 185,185new ordinary shares wereallotted at a price of 54p and on 5 May 2009 a total of 67,000 new ordinary shares were allotted at a price of 54p pursuant to the 10% top-up offer announced on 19 March 2008.
During the three months ended 31 March 2009the Companysubscribed for a rights issue in Insense Ltd forthe sum of £26,700 as well as a small furtherinvestment in Arecor Ltd. The Company made no disposals in the period.
The directors are pleased to reporta modest increase in the net asset value in the period. The increase has resulted primarily from the uplift in carrying value of one investee company, offset by the decline in carrying value of the quoted portfolioand certain additional provisions against the unquoted portfolio. In view of the current market conditions, the directors are taking an increasingly stringent approachto the valuation of those portfolio companies which have yet to develop an income stream.As stated in the chairman's statementof the Company's 2008 annual report, the directors remain confident that the developments in the portfolio, together with the modest expense ratio, will allow a continuing increase in net asset value.
The directors are not aware of any events which have taken place between 31 March 2009and the date of publication of this statement, which have had a material effect onthe financial position of the Company.
Enquiries: James Otter, Hygea vct plc - james.otter@ellipson.co.uk
Charles Breese, Hygea vctplc on 01280 703482 or larpentnewton@btinternet.com
RolandCornish, Beaumont Cornish Limited on 020 7628 3396
website: www.hygeavct.com
12 May 2009.
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