Offer for Subsciption and Issue of Prospectus

Investec Structured Products Calculus VCT plc Offer for Subscription and Issue of Prospectus The board of Investec Structured Products Calculus VCT plc ("the Company") is pleased to announce the launch of an offer for subscription for new ordinary shares of 1p each in the capital of the Company to raise up to £10 million ("the Offer"). The Offer opens today and will close on 10 December 2010 (unless fully subscribed by an earlier date or otherwise extended or closed at the Directors' discretion). The Offer is open to existing shareholders and new investors. Full details of the Offer are contained in the summary, securities note and registration document, which together constitute a prospectus ("the Prospectus"), which was published by the Company today, has been submitted to the Financial Services Authority and will shortly be available for inspection at the National Storage Mechanism, which is located at: http://www.hemscott.com/nsm.do For further information, please contact: Investment Manager to the Structured Products Portfolio Investec Structured Products Gary Dale Telephone: 020 7597 4065 Investment Manager to the Venture Capital Portfolio Calculus Capital Limited Susan McDonald Telephone: 020 7493 4940

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Calculus VCT (CLC)
UK 100

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