Transaction in Own Shares

Elderstreet Downing VCT PLC
29 November 2004

Elderstreet Downing VCT plc
29 November 2004

Elderstreet Downing VCT plc announces that on 26 November 2004 the Company
purchased a total of 5,000 ordinary shares of 5p each for cancellation
representing 0.03% of the issued share capital at a price of 50p per share.

Following these transactions the Company now has 14,649,300 shares in issue.


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