Issue of Equity

Investec Structured Products Calculus VCT plc

Issue of Equity

The Directors of Investec Structured Products Calculus VCT plc are pleased to
announce an allotment on 2 November 2010 of 226,446 ordinary shares of 1p each
("Ordinary Shares") at an offer price of 105.3p per share, pursuant to the
offer for subscription that opened on 20 September 2010 (the "Offer").

As set out in the prospectus, the offer price is based on an adjusted unaudited
net asset value per Ordinary Share of 100.01p as at 29 October 2010, divided by
0.95 (to allow for offer costs of 5.0 per cent.), rounded up to the nearest
0.1p per share.

Application for the Ordinary Shares to be admitted to the Official List of the
UK Listing Authority and to trading on the London Stock Exchange's main market
for listed securities has been made and it is expected that admission will take
place on 4 November 2010.

Following these allotments the issued share capital of the Company is 4,210,193
Ordinary Shares.

For further enquiries please contact:

Gary Dale (Investec Structured Products)       
                                               
Tel: [phone]                             
                                               
Email: [e-mail]                

Susan McDonald (Calculus Capital)           
                                            
Tel: [phone]                          
                                            
Email: [e-mail]             

3 November 2010


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