Offer for Subscription

Close Technology & General VCT PLC
08 December 2005


8 December 2005

                       Close Technology & General VCT PLC

                  Proposed Offer for Subscription of C Shares

Further to the announcement made on 7 November 2005 relating to the issue of C
Shares by Close Technology & General VCT PLC (the 'Company') the Directors are
pleased to announce that at the Extraordinary General Meeting of the Company
held today all resolutions, including in connection with the issue of C Shares
by the Company and to effect the proposed amendments to the terms of the
management agreement with Close Venture Management, were passed.



EXPECTED TIMETABLE OF PRINCIPAL EVENTS

Subscription list for Offer opens                   3 January 2006

Dealings in C Shares commence in respect of the
first allotment of C Shares                         4 January 2006

Final Closing for the Offer (unless closed            4 April 2006
earlier)

Commencement of dealings in respect of the     
final allotment of C Shares                           5 April 2006


The Directors reserve the right to allot and issue C Shares at any time whilst
the Offer remains open. Definitive C Share and tax certificates will be
despatched and CREST accounts credited as soon as practicable following any such
allotment.

Terms used in this announcement shall, unless the context otherwise requires,
bear the meaning given to them in the documents issued by Close Technology &
General VCT PLC on 7 November 2005.


Enquiries:

Patrick Reeve
Close Venture Management            020 7422 7830

John West/Clemmie Carr
Tavistock Communications            020 7920 3150






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