Issue of Equity

Elderstreet VCT plc
3 April 2009

Issue of Equity

The Directors  announce  that  the Company  has  made  the  following
allotment under the Offer  for Subscription made  on 9 December  2008
("the Offer") in accordance with the  pricing formula set out in  the
offer document.

On 2 April 2009, 1,763,329 Ordinary  Shares of 5p each were  allotted
under the Offer at a price of approximately 74.7p per share.

Application for the new shares to be admitted to the Official List of
the  UK  Listing  Authority  and  to  trading  on  the  London  Stock
Exchange's market for listed securities will be made at the  earliest
practical opportunity.

Ordinary  shares  issued  to  Directors  included  within  the  above
allotment, are summarised as follows:



                        Number Ordinary  Total holding Total        %
                         Shares   issued  of Ordinary  holding
                        on               Shares         of Ordinary
                        2 April 2009                   Shares

Barry Dean     Director 13,786           20,627        0.09%
Michael        Director 137,868          776,485       3.33%
Jackson

Total                   151,654




The Offer for Subscription in respect of the 2008/2009 tax year  will
remain open  until 1 p.m.  on 3  April  2009 and  the Offer  for  the
2009/2010 tax  year  will  remain  open until  29  May  2009  (unless
previously extended or fully subscribed earlier).

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