Result of AGM

INVESTEC STRUCTURED PRODUCTS CALCULUS VCT PLC

Result of Annual General Meeting and Separate Class Meetings

The Company is pleased to announce that at the Annual General Meeting held on
17 July 2012 all resolutions were passed on a show of hands, including the
following resolutions 8 to 11:

Resolution 8 (ordinary resolution): To authorise the Directors to allot shares
pursuant to Section 551 of the Companies Act 2006.

Resolution 9 (special resolution): To authorise the Directors to allot shares
for cash pursuant to Sections 570 and 573 of the Companies Act 2006 otherwise
than in accordance with statutory pre-emption rights.

Resolution 10 (special resolution): To authorise the Directors to make market
purchases of the Company's own shares.

Resolution 11 (special resolution): To hold general meetings (other than annual
general meetings) on 14 clear days' notice.

A copy of the full text of Resolutions 8 to 11 will be submitted to the
National Storage Mechanism and will shortly be available for inspection at
www.hemscott.com/nsm.do

Results of Separate Class Meetings

The Company is pleased to announce that the Separate Meetings of the Holders of
Ordinary Shares and C Shares were held on 17 July 2012 and the proposed
resolutions were passed on a show of hands.

A special resolution was passed at each Separate Meeting obtaining the approval
and consent of holders of ordinary shares and C shares to resolutions 8 and 10
passed at the Company's Annual General Meeting held on 17 July 2012 (which had
been subject to approval at the Separate Meetings) and any variation of class
rights resulting therefrom.

A copy of the full text of the Resolutions will be submitted to the National
Storage Mechanism and will shortly be available for inspection at
www.hemscott.com/nsm.do