Offer for Subscription Extended

Foresight Technology VCT PLC
3 December 1999


Foresight Technology VCT plc 

Offer for Subscription Extended

On 15 October the Foresight launched a new fund by way of
an  Offer for Subscription of up to 20,000,000 'C' Shares
(with  'C' Warrants attached on a one for five basis)  at
an  issue  price of 100p per share with a  first  closing
date of 3 December 1999.

At  the  first closing date Foresight had received  valid
subscriptions  for  £11.2  million.  The   Directors   of
Foresight   have  decided  to  extend   the   Offer   for
Subscription until 31 January 2000.

Commenting  on  the  amount raised to date  Peter  Dicks,
Chairman of Foresight Technology VCT plc, stated:

'We  are delighted with the significant response received
to date from the launch of this new sector-specific fund,
formed  to  invest  in a portfolio  of  fast  growing  UK
technology-based  companies. We our confident  that  this
new  fund  will follow on from the success of Foresight's
existing  portfolio,  also  advised  by  the  experienced
technology investors VCF Partners. Due to the success  to
date,  and  to  satisfy anticipated  additional  investor
demand,  the Directors have decided to extend  the  offer
period until 31 January 2000.'