Net Asset Values

Elderstreet VCT plc
25 January 2008
Net Asset Values

Elderstreet VCT plc announces that its unaudited Net Asset Values per
share as at 30 November 2007 were as follows:

Ordinary Shares            82.9p
C Shares                   91.8p

The Company's  investment  portfolios  and  other  assets  as  at  30
November 2007 are summarised as follows:


Ordinary share pool (unaudited)                           Cost  Value
Top ten venture capital investments                       £000   £000
Snacktime plc**                        Vending machines  1,500  2,439
Wessex Advanced Switching Products         Manufacturer     55  1,796
Baldwin & Francis Holdings Limited         Manufacturer    690  1,320
Oldbury Aluminium Alloys Limited     Aluminium recycler  1,275  1,275
Lyalvale Express Limited                   Manufacturer    915    915
UM Holdings Limited                          Plant hire     54    915
Smart Education Limited              Recruitment agency    917    544
Fords Packaging Systems Limited     Packaging machinery     83    542
WeComm Limited                       Software developer    500    500
Interquest Group plc*                Recruitment agency    251    387
                                                         6,240 10,633
Other venture capital investments                        5,751  3,091
Total venture capital investments                       11,991 13,724
Listed fixed income securities                           2,585  2,598
Total investments                                       14,576 16,322
Cash at bank and in hand                                          417
Other net current assets                                          115
Net assets                                                     16,854





C share pool (unaudited)                                   Cost Value
Venture capital investments                                £000  £000
Interquest Group plc*                  Recruitment agency   100   154
Snacktime plc**                          Vending machines   125   116
Melorio plc*                             Support services   100   111
Servoca plc*                             Support services    60   103
Oldbury Aluminium Alloys Limited       Aluminium recycler   100   100
WeComm Limited                         Software developer   100   100
AngloInfo Limited                       Internet services    80    80
Smart Education Limited                Recruitment agency   135    58
Mediasurface plc*                      Software developer    80    37
Infoserve plc*                          Computer services    60    24
                                                            940   883
Listed fixed income securities                              486   498
Total investments                                         1,426 1,381
Cash at bank and in hand                                           29
Other net current assets                                            6
Net assets                                                      1,416


* Quoted on AIM
** Snacktime plc was admitted to AIM on 19 December 2007
All venture capital investments are unquoted unless
otherwise stated

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