Issue of Equity

Close Technology & General VCT PLC
03 January 2006


                       Close Technology & General VCT PLC
                               New C Share issue

     allots 3,240,195 New C Shares in respect of the Offer for Subscription


The Board of Close Technology & General VCT is pleased to announce that
3,240,195 New 'C'  Shares have been allotted under the Offer for Subscription
pursuant to the prospectus dated 7 November 2005.  Up to 35,000,000 New C Shares
are being offered to the public under the Offer.

Dealings in the New C Shares allotted in respect of the Offer will commence on 4
January 2006.   Application has already been made to the UK Listing Authority
and to the London Stock Exchange for these shares to be admitted to the Official
List.


3 January 2006


Further enquiries:

Patrick Reeve                         Close Venture Management Limited (Manager)
                                                              Tel. [phone]

John West                                               Tavistock Communications
                                                              Tel. [phone]



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