17 August 2011

IBIS Media VCT 1 plc

Publication of Supplementary Prospectus in connection with Offer for Subscription & Share Realisation and Reinvestment Programme

IBIS Media VCT 1 plc (the "Company"), the media focused venture capital trust, announces that it has today published a Supplementary Prospectus in connection with the offer to Existing Shareholders and members of the public (the "Public Offer") and the Share Realisation and Reinvestment Programme for Existing Shareholders only (the "SRRP") by IBIS Media VCT 1 plc. The SRRP and the Public Offer are together referred to as the "Offers". The Prospectus containing details of the Offers was published on 27 January 2011. On 31 May 2011, the Company published its audited annual financial statements for the 12 month period ended the 31st January 2011 (the "2011 Annual Accounts") and therefore the Company is required to publish a Supplementary Prospectus.

The Offers remain open until 31 August 2011.

A copy of the Supplementary Prospectus can be obtained by contacting IBIS Capital Limited on 0207 070 7080 or by email at info@ibismediavct.com and also from the offices of IBIS Capital Limited at 22 Soho Square, London, W1D 2NL as well as on the Company's website, www.ibiscapital.co.uk.  

Beaumont Cornish Limited is acting as Sponsor to the Public Offer and the SRRP.

Copies of the Supplementary Prospectus will be submitted to the National Storage Mechanism and will shortly be available for viewing online at the following web-site address:

http://www.hemscott.com/nsm.do

For further information please contact:

Robin Smeaton

The City Partnership (UK) Limited

Company Secretary                           Telephone: (0131) 243 7210