Interim Management Statement (2423D)

TIDMAVC

RNS Number : 2423D

Aberdeen Development Capital PLC

18 March 2011

Aberdeen Development Capital PLC ("the Company")

Interim Management Statement - Quarter ended 28 February 2011

This Interim Management Statement for the quarter ended 28 February 2011 is provided in accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority and also includes relevant information in respect of the period from 1 March 2011 to the date of issue. This Statement has been prepared solely to provide additional information in order to meet the relevant requirements of the UK Listing Authority's Disclosure and Transparency Rules, and should not be relied on by Shareholders, or any other party, for any other purpose.

1. Financial highlights

Net Asset Value* ("NAV") of 8.4p per Ordinary share at 28 February 2011; when compared to the NAV at 30 November 2010 of 7.3p, represents a increase of 15.1% over the three month period and is mostly due to the receipt of interest from HMRC on VAT reclaimed on historic investment management fees.

* The NAV is unaudited. Unlisted companies are valued on a six monthly basis and the NAV incorporates the Directors' valuation of unlisted investments as at 30 November 2010. The Company held no quoted investments as at 28 February 2011.

2. Investments and disposals

During the quarter ended 28 February 2011, no new or follow-on investments were made. No full exits were achieved, however, GBP10,000 was received as part of a scheduled repayment of institutional loan stock and a further GBP5,000 arising from liquidation proceeds of a holding previously written off.

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

3. Recent Developments

Between 28 February 2011 and the date of this statement, no new or follow-on investments have been made, nor have there been any investment sales.

The Boards of subsidiary companies ADC Zeros 2010 PLC and ADC Zeros 2012 PLC recently announced a return of capital of 10p per share to holders of ZDP shares with a payment date of 11 March 2011, bringing the total returned to date to 98.6p per ZDP share compared with an issue price of 100p per ZDP share. Further returns of capital will be considered as liquidity allows.

Other than as described above, the Board is not aware of any material events during the period from 1 December 2010 to 28 February 2011, or in the period from 1 March 2011 to the date of this announcement, which would have had a material impact on the financial position of the Company.

Issued on behalf of the Board

Aberdeen Asset Management PLC, Secretary

18 March 2011

This information is provided by RNS

The company news service from the London Stock Exchange

END

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