Holding in e-district.net plc

Foresight Technology VCT PLC
19 February 2001

Foresight Technology VCT plc

Holding in e-district.net plc

The board of Foresight Technology VCT plc ('Foresight') has noted the
following announcement made this morning by the board of e-district.net plc   
('e-district'):


'The board of e-district has reason to believe that the reported numbers for
registered users, page impressions and revenues have been substantially
overstated.


It is not clear over what period of time this overstatement has occurred but
it could include all of 2000. The board is not aware of any misappropriation
of funds.


The board, together with its external advisers, has commenced a full
investigation.


The board has suspended Mr. Steven Laitman, Chief Executive Officer, with
effect from Sunday 18 February 2001.


In order to protect investors, the board has requested a suspension of the
quotation of e-district's shares.


A further announcement will be made in due course.'


Foresight's investment in e-district.net plc is one of eight investments in
the Ordinary Share Fund. Foresight currently holds approximately 14.2m
ordinary shares in e-district.net plc which, at the most recent valuation
date, represented a significant proportion of the net asset value of the
Ordinary Share Fund. No shares in e-district.net plc are held in the C Share
Fund.


A further announcement will be made by the board of Foresight as soon as
additional information is available.


For further information contact:


Ifor Williams - Williams de Broe plc - 0121 609 0050

Joanne Lake - Williams de Broe plc - 0113 243 1619