Transaction in Own Shares

Elderstreet Downing VCT PLC
11 May 2004


Elderstreet Downing VCT plc
11 May 2004


Elderstreet Downing VCT plc announces that on 30 April 2004 and 4 May 2004 the
Company purchased a total of 39,000 ordinary shares of 5p each for cancellation
representing 0.4% of the issued share capital at a price of 42p per share.

Following this transaction the Company now has 14,826,400 shares in issue.


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