Director/PDMR Shareholding

Elderstreet VCT PLC
16 April 2007

ELDERSTREET VCT PLC

16 APRIL 2007



NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS

1.   Name of the issuer                       2.   State whether the notification relates to:

                                                   (i) a transaction notified in accordance with DR3.1.4R(1)(a)
                                                   or

                                                   (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section
                                                   324 (as extended by section 328) of the Companies Act 1985
                                                   or

                                                   (iii) both (i) and (ii)


     ELDERSTREET VCT PLC                           (ii)


3.   Name of person discharging managerial    4.   State whether notification relates to a person connected with a
     responsibilities/director                     person discharging managerial responsibilities/director named in 3
                                                   and identify the connected person


     HUGH ALDOUS - DIRECTOR                        CONNECTED PERSON -

                                                   HUGH ALDOUS SIPP


5.   Indicate whether the notification is in  6.   Description of shares (including class), debentures or derivatives
     respect of a holding of the person            or financial instruments relating to shares
     referred to in 3 or 4 above or in
     respect of a non-beneficial interest


     BENEFICIAL INTEREST                           ORDINARY SHARES OF 5P EACH


7.   Name of registered shareholder(s) and,   8.   State the nature of the transaction
     if more than one, the number of shares
     held by each of them


     UNION PENSION TRUSTEES - HUGH ALDOUS          MARKET PURCHASE BY MR ALDOUS'S PENSION SCHEME
     SIPP


9.   Number of shares, debentures or          10.  Percentage of issued class acquired (treasury shares of that class
     financial instruments relating to shares      should not be taken into account when calculating percentage)
     acquired


     16,190 SHARES                                 0.08% ORDINARY SHARES

                                                   0.07% TOTAL VOTING RIGHTS (INCLUDING C SHARES)


11.  Number of shares, debentures or          12.  Percentage of issued class disposed (treasury shares of that class
     financial instruments relating to shares      should not be taken into account when calculating percentage)
     disposed

     NIL                                           NIL


13.  Price per share or value of transaction  14.  Date and place of transaction
     75P                                           16 APRIL 2007, LONDON


15.  Total holding following notification and 16.  Date issuer informed of transaction
     total percentage holding following
     notification (any treasury shares should
     not be taken into account when
     calculating percentage)


     16,190 SHARES                                 16 APRIL 2007



If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes
17.   Date of grant                                                18. Period during which or date on which it can be
                                                                       exercised


      N/A                                                              N/A


19.   Total amount paid (if any) for grant of the option           20. Description of shares or debentures involved
                                                                       (class and number)

      N/A                                                              N/A


21.   Exercise price (if fixed at time of grant) or indication     22. Total number of shares or debentures over which
      that price is to be fixed at the time of exercise                options held following notification


      N/A                                                              N/A


23.   Any additional information                                   24. Name of contact and telephone number for queries


      N/A                                                              N/A





Name and signature of duly authorised officer of issuer responsible for making
notification

GRANT WHITEHOUSE - COMPANY SECRETARY

Date of notification 16 APRIL 2007


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