Net Asset Value(s)

Elderstreet VCT PLC
29 November 2006

Elderstreet VCT plc

Net Asset Values

29 November 2006



Elderstreet VCT plc announces that, as at close of business on 31 August 2006,
the Net Asset Value per Ordinary Share was 70.4p and Net Asset Value per 'C'
Share was 92.5p.



The assets and liabilities of the Company at 31 August 2006 are summarised as
follows:


                                                                 Ordinary          'C'
                                                                   Shares       Shares     Total
                                                                    £'000        £'000     £'000
Investments
Fixed interest investments                                          1,045                  1,045
Venture capital investments                                         8,479          355     8,834
                                                                    9,524          355     9,879
Current assets
Debtors                                                               124           12       136
Cash at Bank                                                        1,097        1,065     2,162
                                                                    1,221        1,077     2,298
Creditors: amounts due less than one year                            (31)          (5)      (36)
Net current assets                                                  1,190        1,072     2,262

Net Assets                                                         10,714        1,427    12,141

Net Asset Value per share                                           70.4p        92.5p



The Company's investment portfolios at 31 August 2006 are summarised as follows:


Ordinary Share Pool                                                              Cost      Value
Investment                                       Business Activity              £'000      £'000
Computer Software Group plc*                     Software                         733      2,160
Snacktime Ltd                                    Vending machines                 750        750
Wessex Advanced Switching Products Ltd           Manufacturer                      51      1,176
Oldbury Aluminium Alloys Group Ltd               Aluminium recycling              450        450
Mediasurface plc*                                Software                         374        384
Baldwin & Francis Ltd                            Manufacturer                     150        180
Fords Packaging Systems Ltd                      Manufacturer                      83        667
European Telecommunications & Technology Ltd     Telecom services                 450        558
UM Holdings Ltd                                  Plant hire and sale               54        484
Careforce Group plc*                             Domiciliary care                 190        174
InterQuest plc*                                  IT staffing                      250        387
The National Solicitors' Network Ltd             Solicitors' network              901        275
Smart Education Ltd                              Teacher supply agency            460        194
Other venture capital investments                                               2,578        640
Total venture capital investments                                               7,474      8,479
Listed fixed income investments                                                 1,052      1,045
Cash at bank and in hand                                                        1,097      1,097
Total investments and cash                                                      9,623     10,621


'C' Share Pool                                                                   Cost      Value
Investment                                       Business Activity              £'000      £'000
Interquest Group plc*                            IT staffing                      100        154
Oldbury Aluminium Alloys Group Ltd               Aluminium recycling              100        100
Ovum plc*                                        IT consultancy                    60         52
Smart Education Ltd                              Teacher supply agency            115         49
Total venture capital investments                                                 375        355
Cash at bank and in hand                                                        1,065      1,065
Total investments and cash                                                      1,440      1,420



* Quoted on AIM




                      This information is provided by RNS
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