Offer for Subscription

Elderstreet VCT plc ('the Company')

Elderstreet VCT plc is pleased to announce the launch of an offer for
subscription for new ordinary shares of 5p each in the capital of the
Company to raise up to ¤2.5 million (approx. £2 million).

Details of the offer are contained the in Offer Document and
Application Form which will be available from www.elderstreet.com or
can be requested by calling Joanna Arnold on 0207 400 0482 or by
email from [e-mail].

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