Transaction in Own Shares

Elderstreet VCT plc
29 June 2007

Elderstreet VCT plc announces that on 29 June 2007 the Company
purchased a total of 24,730 Ordinary shares of 5p each for
cancellation representing 0.29% of the total issued share capital at
a price of 71.5p per share.

Following the above transaction the Company's capital consists of
20,683,791Ordinary shares of 5 pence each, comprising Ordinary shares
in issue and to be issued shortly in connection with the merger for
Elderstreet Millennium Venture Capital Trust plc, and 1,542,202 'C'
Ordinary shares of 5 pence each.  The Company does not hold any
shares in treasury.

Therefore the total number of voting rights in Elderstreet VCT plc is
22,225,993.

The above figure may be used by shareholders as the denominator for
the calculations by which they will determine if they are required to
notify their interest in, or a change to their interest
in, Elderstreet VCT plc under the FSA's Disclosure and Transparency
Rules.

---END OF MESSAGE---