Issue of Shares

Foresight Technology VCT PLC
06 July 2004

Foresight Technology VCT plc

Issue of Shares

On 3 June 2004 the Company announced that, following the successful realisation
of its holding in Advanced Composites Group Limited, a special dividend of 52p
per Ordinary Share had been declared and was expected to be paid on 5 July 2004
to all Ordinary Shareholders on the register on 11 June 2004. The Company also
announced proposals to introduce a dividend investment scheme, details of which
were sent to shareholders on 8 June 2004, in respect of this dividend and future
dividends.

The Company is pleased to announce that resolutions authorising the directors to
allot shares pursuant to the dividend investment scheme were passed at the
Extraordinary General Meeting held on 2 July 2004 and at the adjourned separate
class meetings held on 5 July 2004.

The Company further announces that pursuant to valid elections received from
shareholders to participate in the dividend investment scheme 854,014 new
Ordinary Shares were allotted on 5 July 2004 in respect of the dividend of 52p
per Ordinary Share. These new Ordinary Shares have been allotted at a price of
83.41p per share, this being the latest published NAV of the Ordinary Share
fund.

Application will be made for these new Ordinary Shares to be admitted to
listing.

Following this allotment of Ordinary Shares, Peter English, a director of the
Company, has increased his beneficial interest by 80,326 new Ordinary Shares.
Peter English is now beneficially interested in 900,568 Ordinary Shares
representing approximately 5.6 per cent of the current issued Ordinary Share
capital of the Company.


                      This information is provided by RNS
            The company news service from the London Stock Exchange