Subscription of New Shares

Foresight Technology VCT PLC
18 January 2001

Foresight Technology VCT plc

Subscription of New Shares


The Company is pleased to announce an offer for subscription of up to 1
million new C Shares of 1p each (with attached warrants on a 1 for 5 basis) at
100p per share to raise £964,000, net of expenses.


The new C Shares will be transferable and rank parris passu with the existing
issued C shares for all dividends and other distributions declared paid or
made on the C share capital of the Company after allotment of the New C
Shares.


Application has been made to the Official List of the UK Listing Authority for
the new C Shares (with attached warrants) to be issued pursuant to this offer
to be admitted to the Official List of the UK Listing Authority and to trading
on the London Stock Exchange plc's market for listed securities. Dealings in
the new C Shares (with attached warrants) are expected to commence 5 business
days after allotment and share certificates are expected to be despatched
within 10 business days.


The offer will remain open until 2.00pm on Friday 2 March 2001, unless fully
subscribed at an earlier date).


Full details of the offer for subscription and application forms can be
obtained from Matrix Securities Limited, Gossard House, 7-8 Saville Row,
London W1S 3PE.