Result of AGM

Elderstreet VCT plc
28 June 2010

At  the Annual General Meeting of Elderstreet VCT plc, held at 11.00 a.m. on 21
June 2010, all resolutions were passed.

Details  of the proxy votes  in respect of the  resolutions passed at the Annual
General  Meeting received as at 11.00 a.m.  on 17 June 2010, 48 hours before the
time of the meeting (excluding weekends), at Downing Management Services are set
out below:

+--------------+----------+-------------+----------+--------+----------+
|              |   For    |Discretionary| Against  |Withheld|          |
+--------------+----------+-------------+----------+--------+----------+
|Resolution No.|  No. of  |   No. of    |  No. of  | No. of |  Total   |
|              |  Votes   |    Votes    |  Votes   | Votes  |  Votes   |
|              |          |             |          |        |          |
|              |% of votes| % of votes  |% of votes|        |% of votes|
+--------------+----------+-------------+----------+--------+----------+
|      1       |1,009,492 |   63,579    |    -     | 5,000  |1,078,071 |
|              |          |             |          |        |          |
|              |  94.08%  |    5.92%    |  0.00%   |        | 100.00%  |
+--------------+----------+-------------+----------+--------+----------+
|      2       | 872,859  |   68,579    | 130,633  | 6,000  |1,078,071 |
|              |          |             |          |        |          |
|              |  81.42%  |    6.40%    |  12.19%  |        | 100.00%  |
+--------------+----------+-------------+----------+--------+----------+
|      3       |1,010,682 |   62,389    |  5,000   |   -    |1,078,071 |
|              |          |             |          |        |          |
|              |  93.75%  |    5.79%    |  0.46%   |        | 100.00%  |
+--------------+----------+-------------+----------+--------+----------+
|      4       |1,014,682 |   58,579    |    -     | 5,000  |1,078,071 |
|              |          |             |          |        |          |
|              |  94.54%  |    5.46%    |  0.00%   |        | 100.00%  |
+--------------+----------+-------------+----------+--------+----------+
|      5       | 988,405  |   58,579    |  23,230  | 7,857  |1,078,071 |
|              |          |             |          |        |          |
|              |  92.36%  |    5.47%    |  2.17%   |        | 100.00%  |
+--------------+----------+-------------+----------+--------+----------+
|      6       | 987,453  |   58,579    |  24,182  | 7,857  |1,078,071 |
|              |          |             |          |        |          |
|              |  92.27%  |    5.47%    |  2.26%   |        | 100.00%  |
+--------------+----------+-------------+----------+--------+----------+
|      7       |1,011,453 |   58,579    |  8,420   |   -    |1,078,071 |
|              |          |             |          |        |          |
|              |  93.27%  |    5.43%    |  0.78%   |        | 100.00%  |
+--------------+----------+-------------+----------+--------+----------+
|      8       | 932,737  |   62,389    |  76,945  |   -    |1,078,071 |
|              |          |             |          |        |          |
|              |  87.00%  |    5.82%    |  7.18%   |        | 100.00%  |
+--------------+----------+-------------+----------+--------+----------+
|      9       | 945,341  |   58,579    |  74,151  |   -    |1,078,071 |
|              |          |             |          |        |          |
|              |  87.69%  |    5.43%    |  6.88%   |        | 100.00%  |
+--------------+----------+-------------+----------+--------+----------+

A  copy of the resolutions passed will  be submitted to the UK Listing Authority
and  will  shortly  be  available  for  inspection at the UK Listing Authority's
Document Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS
Telephone: [phone]


[HUG#1427716]








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