TP70 2008(ii) VCT

Issue of Equity

TP70 2008 (ii) VCT PLC
09 May 2008

                             TP70 2008 (II) VCT PLC

                                Issue of Equity

The Directors of TP70 2008 (II) VCT plc are pleased to announce that the Company
has applied for the ninth allotment of 1,179,875 Ordinary Shares allotted on 7
April 2008 pursuant to the offer for subscription dated 14 December 2007, being
1,179,875 Ordinary Shares of 1p each at a price of £1 per share to be admitted
to the Official List.

As a consequence of the ninth allotment, a total of 21,778,792 Ordinary Shares
have now been issued under this offer.

Dealing of the shares is expected to commence on 14 April 2008.

For further information please contact: David Dick on 020 7404 7403 or Graham
Urquhart on 020 3216 2000.

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