AGM Statement

Elderstreet VCT plc
13 June 2008

At the Annual General Meeting of Elderstreet VCT plc, held at 5pm  on
Thursday 12 June 2008, all resolutions were passed.

Details of the proxy  votes in respect of  the resolutions passed  at
the Annual General Meeting received as at 5.00pm on 10 June 2008,  48
hours before the time of the meeting, at Downing Management  Services
are set out below:


                  For     Discretionary  Against   Withheld
Resolution No.   No. of      No. of       No. of    No. of    Total
                 Votes        Votes       Votes     Votes     Votes
               % of votes  % of votes   % of votes            % of
                                                              votes
      1         826,749      41,096         -         -      867,845
                 95.26%       4.74%         -                100.00%
      2         798,795      41,096       15,334    12,620   867,845
                 93.40%       4.81%       1.79%              100.00%
      3         826,749      41,096         -         -      867,845
                 95.26%       4.74%         -                100.00%
      4         821,749      41,096       5,000       -      867,845
                 94.69%       4.74%       0.58%              100.00%
      5         811,796      41,096       5,000     9,953    867,845
                 94.63%       4.79%       0.58%              100.00%
      6         811,796      41,096       5,000     9,953    867,845
                 94.63%       4.79%       0.58%              100.00%
      7         761,598      41,858       64,389      -      867,845
                 87.76%       4.82%       7.42%              100.00%


A copy of the resolutions passed will be submitted to the UK  Listing
Authority and  will shortly  be available  for inspection  at the  UK
Listing Authority's Document Viewing Facility, which is situated at:

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

Telephone: [phone]

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