Purchase of Own Securities

Elderstreet Downing VCT PLC
13 December 2002

Elderstreet Downing VCT plc
13 December 2002

Elderstreet Downing VCT plc announces that on 11 December 2002 the Company
purchased 10,000 ordinary shares of 5p each for cancellation representing 0.07%
of the issued share capital at a price of 42p per share.

Following this transaction the Company now has 15,082,500 shares in issue.


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