Tender Offer

Close Brothers Aim Vct PLC
10 November 2004

10 November 2004



                   Close Brothers AIM VCT plc ('the Company')



Following the announcement made on 15 October 2004, in which the Company stated
its intention to purchase shares from all Ordinary Shareholders via a tender
offer.  The Company now announces that Qualifying Shareholders have tendered a
total of 3,010,423 Ordinary Shares (representing approximately 8.4% of the
Company's Ordinary Share Capital) to be repurchased by the Company under the
Tender Offer.  Subject to the outstanding conditions of the Tender Offer, it is
the Company's intention to accept all such tendered shares in full.



The unaudited Net Asset Vale ('NAV') of the Ordinary Shares as at 9 November
2004 was 79.53 pence, which has been calculated in accordance with the Company's
normal valuation policies and the terms of the Tender Offer circular.  The
Ordinary Shares being acquired under the Tender Offer will be acquired at NAV
less a discount of 4%, as set out in the circular, being 76.35 pence.



Implementation of the Tender Offer will require approval by Shareholders at the
Extraordinary General Meeting and the separate General Meetings convened for 26
November 2004.



For further information, please contact:



Andrew Buchanan

Close Investment Limited                        020 7426 4000



Press enquiries to:



Henrietta Guthrie

Karen Brunskill

Lansons                                                020 7490 8828


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