Result of Equity Issue

Close Technology & General VCT PLC
30 April 2001


      Close Technology & General VCT PLC ('Close Technology & General')       
                                                                              
           allots 221,568 Shares in respect of the 2001/2002 Offer            
                     which is now extended to 31 May 2001                     


The Board of Close Technology & General is pleased to announce that 221,568
Shares have been allotted under the 2001/2002 Offer taking total allotments,
including those for the 2000/2001 Offer which is now closed, up to 13,462,928
Shares.

Dealings in the 221,568 Shares allotted in respect of the 2001/2002 Offer will
commence on 1 May 2001. Shares allotted subsequent to the first closing of 16
January 2001 will not rank for the interim dividend for the six months to 30
June 2001.

The 2001/2002 Offer will now be extended to 31 May 2001.


Further enquiries:

Roger Bruce                                    Close VCT Management (Manager)
Patrick Reeve/Ole Bettum                       Tel. [phone]

Hamish McFall                                  Tavistock Communications
John West                                      Tel. [phone]