Net Asset Value

Elderstreet VCT plc
Net Asset Value and portfolio update
24 November 2009

Elderstreet VCT plc announces that its unaudited Net Asset Value  per
Ordinary share as at 31 October 2009 was 75.4p.

Cumulative dividends paid per Ordinary share since launch now  stands
at 46.0p per share. Total Return (NAV plus cumulative dividends  paid
per Ordinary Share since launch) as at 31 October 2009 was 121.4p.

The Company's unaudited investment portfolio as at 31 October 2009 is
summarised as follows:

                                             Cost Valuation
                                            £'000     £'000
Ten largest investments by value
Wessex Advanced Switching Products Limited     60     2,673
Snacktime plc (Quoted on AIM)               1,725     2,904
Access Intelligence plc (Quoted on AIM)     1,133     1,478
Fords Packaging Systems Limited             1,047     1,152
Lyalvale Express Limited                      915     1,027
Baldwin & Francis Holdings Limited            690     1,020
Smart Education Limited                     1,403       985
The Engine Group plc                          600       726
Wecomm Limited                                850       472
AngloINFO Limited                             328       328

Subtotal                                    8,751    12,765
Other venture capital investments           4,170     1,686
Listed fixed income securities              2,354     2,365

Total                                      15,275    16,816

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