TIDMCRWN 
 
Interim Management Statement 
 
Introduction 
I am pleased to present the Crown Place VCT PLC's interim  management 
statement for the period from 1 July to 11 November 2009 as  required 
by the UK Listing Authority's Disclosure and Transparency Rule 4.3. 
 
Performance and dividends 
The Company's unaudited  net asset value  (NAV), based on  management 
accounts, as at 30  September 2009 was GBP24.4  million (30 June  2009: 
GBP24.8 million) or  33.7 pence per  share (excluding treasury  shares) 
(30 June 2009: 34.2  pence per share). This  is after accounting  for 
the first revenue dividend for the year to 30 June 2010 of 1.25 pence 
per share  (total  cost:  GBP904,960),  paid  on  6  November  2009  to 
shareholders on the register as at 9 October 2009. 
 
After adding back the first dividend for the new financial year,  the 
net asset value has risen by 0.7  pence or 2 per cent. since 30  June 
2009, mainly as a result of an increase in the value of the Company's 
holding in the AIM-quoted Avanti Communications plc. 
 
 
Cancellation of Share Premium Account 
The Company has cancelled its share premium account by way of special 
resolution at a General Meeting held  on 1 September 2009. The  share 
premium  account  amounting  to  GBP14,437,830  was  cancelled  on   16 
September 2009 by order  of the High Court  and the Notice  regarding 
the cancellation was  registered at Companies  House on 17  September 
2009. 
 
Share issues and buybacks 
On 6 November 2009, the Company issued 106,946 Ordinary shares of  10 
pence each at  a price of  32.95 pence per  share under the  Dividend 
Reinvestment Scheme. 
 
During the period from 1 July  2009 to 11 November 2009, the  Company 
did not  purchase  any shares  for  cancellation  or to  be  held  in 
treasury. 
 
Portfolio 
The following investments  have been  made during the  period from  1 
July 2009 to 11 November 2009: 
 
 
+-------------------------------------------------------------------+ 
| Name                     | GBP000's |                               | 
|--------------------------+--------+-------------------------------| 
| Geronimo Inns VCT I      | 720    | Freehold pub owner and        | 
| Limited (new investment) |        | operator                      | 
|--------------------------+--------+-------------------------------| 
| Geronimo Inns VCT II     | 720    | Freehold pub owner and        | 
| Limited(new investment)  |        | operator                      | 
|--------------------------+--------+-------------------------------| 
| Vibrant Energy Assessors | 33     | Energy performance            | 
| Limited (further         |        | certificate provider          | 
| investment)              |        |                               | 
|--------------------------+--------+-------------------------------| 
| Red-M Wireless Limited   | 36     | Service and software provider | 
| (further investment)     |        |                               | 
|--------------------------+--------+-------------------------------| 
| Bravo Inns II Limited    | 100    | Freehold pub owner and        | 
| (further investment)     |        | operator                      | 
|--------------------------+--------+-------------------------------| 
| Rostima Limited (further | 40     | Provider of workforce         | 
| investment)              |        | management solutions software | 
|--------------------------+--------+-------------------------------| 
| Mi-Pay Limited (further  | 12     | Provider of mobile payment    | 
| investment)              |        | services                      | 
|--------------------------+--------+-------------------------------| 
| RFI Global Services      | 31     | Provider of conformance       | 
| Limited (further         |        | testing to the cellular,      | 
| investment)              |        | wireless and smart card       | 
|                          |        | industries                    | 
+-------------------------------------------------------------------+ 
 
 
During the period, the Company invested in a floating rate note held 
by Wells Fargo (maturity 25/01/2012) for liquidity management 
purposes. 
 
Disposals 
During the period from  1 July 2009 to  11 November 2009,  Nationwide 
floating rate note matured on 7 July 2009 and proceeds of  GBP2,720,000 
were received. In addition, GB Pub Company VCT Limited repaid GBP45,000 
of loan stock, and House of Dorchester Limited repaid GBP41,000 of loan 
stock. 
 
As a result of  the consolidation of part  of the pub portfolio,  the 
site management has been entrusted to a single management team. Crown 
Place VCT  PLC  exchanged  its shareholdings  in  the  Charnwood  Pub 
Company (Hotels) Limited, Welland Inns VCT Limited, Welland Inns  VCT 
(Hotels) Limited and Novello Limited for additional shareholdings  in 
the Charnwood Pub Company Limited on 21 September 2009. 
 
Top ten qualifying holdings (as at 30 September 2009) 
 
 
+---------------------------------------------------------+ 
| Investment                        | Carrying/fair value | 
|                                   | GBP000's              | 
|-----------------------------------+---------------------| 
| The Crown Hotel Harrogate Limited | 2,099               | 
|-----------------------------------+---------------------| 
| ELE Advanced Technologies Limited | 1,759               | 
|-----------------------------------+---------------------| 
| The Charnwood Pub Company Limited | 1,142               | 
|-----------------------------------+---------------------| 
| The Stanwell Hotel Limited        | 1,125               | 
|-----------------------------------+---------------------| 
| Avanti Communications plc         | 1,032               | 
|-----------------------------------+---------------------| 
| Kensington Health Club Limited    | 1,020               | 
|-----------------------------------+---------------------| 
| Kew Green VCT (Stansted) Limited  | 948                 | 
|-----------------------------------+---------------------| 
| Geronimo Inns VCT I Limited       | 729                 | 
|-----------------------------------+---------------------| 
| Geronimo Inns VCT II Limited      | 729                 | 
|-----------------------------------+---------------------| 
| House of Dorchester Limited       | 648                 | 
+---------------------------------------------------------+ 
 
 
There have been  no further significant  events or transactions  that 
the Board are  aware of  which would have  a material  impact on  the 
financial position of the Company between 1 July 2009 and 11 November 
2009. 
 
 
Further  information   regarding  historic   and  current   financial 
performance and other useful shareholder information can be found  on 
the Fund's  website under  www.albion-ventures.co.uk/Our  Funds/Crown 
Place VCT PLC. 
 
Patrick Crosthwaite, Chairman 
11 November 2009 
 
 
For further information please contact: 
 
Patrick Reeve, Albion Ventures LLP - tel: 020 7601 1850 
 
=--END OF MESSAGE--- 
 
 
 
 
This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.
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