Director Shareholding

Quester VCT PLC
5 June 2001

                       Quester VCT plc (the 'Company')


                     Notification of Directors' Interests


The Company was notified on 5 June 2001 that following the exercise of options
pursuant to the share option agreement dated 22 February 1996 and varied
subsequently by agreement on 10 February 1997, Mr J.A. Spooner and Mr A.P.G.
Holmes, both directors of the Company, had on 5 June 2001 acquired ordinary
shares of 5p each in the capital of the Company ('Ordinary Shares') at a
subscription price of 5p per Ordinary Share.


Mr Spooner acquired an interest in 435,835 Ordinary Shares and Mr Holmes
acquired an interest in 306,079 Ordinary Shares representing 1.34% and 0.94%
respectively of the total issued ordinary share capital.


Following the acquisitions, Mr Spooner has:-


  * a beneficial interest in the Company's issued ordinary share capital of
    167,332 Ordinary Shares representing 0.52% of the Company's total issued
    ordinary share capital; and


  * a non-beneficial interest in the Company's issued ordinary share capital
    of 338,523 Ordinary Shares representing 1.04% of the Company's total
    issued ordinary share capital.


Following the acquisitions, Mr Holmes has:-


  * a beneficial interest in the Company's issued ordinary share capital of
    103,933 Ordinary Shares representing 0.32% of the Company's total issued
    ordinary share capital; and


  * a non-beneficial interest in the Company's issued ordinary share capital
    of 267,146 Ordinary Shares representing 0.82% of the Company's total
    issued ordinary share capital.






5 June 2001