Issue of Equity

Investec Structured Products Calculus VCT plc

Issue of Equity

The Directors of Investec Structured Products Calculus VCT plc are pleased to
announce an allotment on 5 April 2011 of 187,679 C ordinary shares of 1p each
("C Shares") at an issue price of 100p per share, pursuant to the offer for
subscription that opened on 7 January 2011 ("Offer"). Applications for the 
2011/2012 tax year will continue to be accepted until 12 noon 30 April 2011 
(unless the Offer is fully subscribed prior to this date or extended at the 
Directors absolute discretion).

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 7 April 2011.

Following this allotment, there are now 1,832,505 C shares in issue.

For further enquiries please contact:

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

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

6 April 2011