Doc re. Offer for Subscription

Elderstreet VCT plc (the "Company")

4 February 2008

Offer for subscription to raise up to £10 million

The Company announces that the following documents have been
submitted to the Financial Services Authority:


  * a circular convening an extraordinary general meeting of the
    Company to be held on 6 March 2008; and
  * a prospectus relating to an offer for subscription of new
    ordinary shares by the Company to raise up to £10 million,

and will soon be available for inspection at the UK Listing
Authority's Document Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
London  E14 5HS

The circular and the prospectus will be sent to the Company's
shareholders shortly.

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