Purchase of Own Securities

Elderstreet Downing VCT PLC
2 May 2001


Elderstreet Downing VCT plc
2 May 2001

Elderstreet Downing VCT plc  announces that on 2 May 2001, the Company
purchased 7,500 ordinary shares of 5p each for cancellation representing 0.05%
of the issued share capital at a price of 92p per share.

Following this transaction the Company now has 15,108,500 shares in issue.