Announcement re: DISCUSSIONS REGARDING POSSIBLE COMBINATION OF THAMES VENTURES VCT 1 PLC AND THAMES VENTURES VCT 2 PLC

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICITON WHERE TO DO SO WOULD COSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THE JURISDICITON.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATON FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

For immediate release.

THAMES VENTURES VCT 1 PLC
LEI: 213800R88MRC4Y3OIW86
THAMES VENTURES VCT 2 PLC
LEI: 21380035MV1VRYEXPR95

26 JULY 2024
DISCUSSIONS REGARDING POSSIBLE COMBINATION OF THAMES VENTURES VCT 1 PLC AND THAMES VENTURES VCT 2 PLC
The Boards of Thames Ventures VCT 1 plc ("TV1") and Thames Ventures VCT 2 plc ("TV2") announce that they have entered into discussions regarding a possible combination of their assets. It has been agreed that the combination, which will be subject to approval by the shareholders of each company, will be effected by way of a scheme of reconstruction and winding up of TV2 under section 110 of the Insolvency Act 1986 and the associated transfer of all of the assets of TV2 to TV1 in exchange for the issue of new ordinary shares in TV1 (the "Scheme"). As part of the Scheme, each of the existing share classes in TV2 would roll into the ordinary share class of TV1.
Discussions are ongoing and once the Boards of both companies agree terms, full details of the proposed transaction will be formally announced. This is anticipated in August/September 2024.

This announcement is for information only: no shareholder action is required at this time.

For further information please contact:
Stephen Thayer, Foresight Group: 0203 667 8181

This announcement is not an offer to sell, or a solicitation of an offer to acquire, securities in the United States or in any other jurisdiction in which the same would be unlawful. Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.