RNS Number:8419R
i-Net VCT PLC
07 November 2003


i-Net VCT plc
7 November 2003

i-Net VCT plc has today given notice to Classic Fund Management Limited to
terminate the Investment Management Agreement on 20 September 2005, being the
earliest date on which such contract can be terminated.

The Board is taking steps to ensure the quality of the management of the
Company's venture capital portfolio up to that date and thereafter and will
report any major developments to Shareholders as they arise.


For further information, please contact:

Julie Baddeley            Chairman                          07801 798081
Grant Whitehouse          Company Secretary                 020 7416 7780


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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