General Meeting Statement

Elderstreet VCT plc
29 October 2008

At the General Meeting and Separate Class Meetings of Elderstreet VCT
plc held today, all resolutions were passed.

Details of the proxy votes in respect of the resolutions passed
received 48 hours before the time of the relevant meeting, at Downing
Management Services are set out below:

General Meeting


                  For     Discretionary  Against  Withheld
Resolution No.   No. of      No. of      No. of    No. of    Total
                 Votes        Votes       Votes    Votes     Votes
               % of votes  % of votes     % of             % of votes
                                          votes
      1        2,030,553     89,196      22,860      -     2,142,609
                 94.77%       4.16%       1.07%             100.00%
      2        1,963,719     89,196      89,694      -     2,142,609
                 91.65%       4.16%       4.19%             100.00%
      3        2,032,221     83,958      26,430      -     2,142,609
                 94.85%       3.92%       1.23%             100.00%


Class Meeting of Ordinary Shareholders


                  For     Discretionary  Against  Withheld
Resolution No.   No. of      No. of      No. of    No. of    Total
                 Votes        Votes       Votes    Votes     Votes
               % of votes  % of votes     % of             % of votes
                                          votes
      1        1,487,388     83,196      98,152      -     1,668,736
                 89.13%       4.99%       5.88%             100.00%


Class Meeting of C Shareholders


                  For     Discretionary  Against   Withheld
Resolution No.   No. of      No. of       No. of    No. of    Total
                 Votes        Votes       Votes     Votes     Votes
               % of votes  % of votes   % of votes            % of
                                                              votes
      1         382,704         -           -         -      382,704
                100.00%         -           -                100.00%




A copy of the resolutions passed will be submitted to the UK Listing
Authority and will shortly be available for inspection at the UK
Listing Authority's Document Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS

Telephone: [phone]

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