Issue of Equity

Investec Structured Products Calculus VCT plc

1 April 2011

Offer & Issue of Equity

The board of Investec Structured Products Calculus VCT plc is pleased to
announce that, in connection with the offer for subscription for C ordinary
shares of 1p each ("C Shares") that opened on 7 January 2011 ("Offer"),
applications have been received which will result in the minimum subscription
level of £1 million being achieved.

As a result, an allotment of 1,644,826 C Shares has taken place today at an
issue price of £1 per share pursuant to the Offer.

Application for the C Shares to be admitted to the Official List of the UK
Listing Authority and to trading on the London Stock Exchange's main market for
listed securities has been made and it is expected that admission will take
place on 5 April 2011.

Applications in respect of the 2010/2011 tax year may continue be lodged until
12.00 noon on 5 April 2010 by delivery to the offices of the receiving agent,
Capita Registrars, Corporate Actions, The Registry, 34 Beckenham Road, Beckenham,
Kent BR3 4TU 

For further enquiries please contact:

Gary Dale (Investec Structured Products)       
                                               
Tel: [phone]                             
                                               
Email: [e-mail]                

Susan McDonald (Calculus Capital)           
                                            
Tel: [phone]                          
                                            
Email: [e-mail]             

1 April 2011