Capital Reorganisation

Foresight 4 VCT PLC
13 May 2005


Foresight 4 VCT plc



Share Restructuring


The Board is pleased to announce that following the close of the Offer for
Subscription to existing shareholders, the one for three share consolidation
will now take place.

Accordingly for every three ordinary shares of 5p each held as at the close of
business on 13 May 2005, shareholders will receive one ordinary share of 15p
each. These ordinary shares of 15p each will then be subdivided into an ordinary
share of 1p each and 14 deferred shares of 1p each. The deferred shares will
then be repurchased for cancellation by the Company for an aggregate
consideration of 1 pence.

Effectively shareholders will be exchanging every three existing shares held for
one new ordinary share. CREST accounts will be adjusted to take account of this
on 16 May 2005 and new share certificates will be despatched in the week
beginning 23 May 2005.

Application has been made for the new ordinary shares of 1p each to be admitted
to the official list of the UKLA and to trading on the London Stock Exchange,
and it is expected that such admission will become effective on 16 May 2005 at
8.00am.

Copies of the circular have been submitted to the Financial Services Authority
and are available for inspection at the FSA's document viewing facility, which
is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS


For further information please contact:

Gary Fraser, Foresight Venture Partners:                          01732 471 800




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