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 tenth allotment of 269,950 Ordinary Shares allotted on 23
April 2008 pursuant to the offer for subscription dated 14 December 2007, being
269,950 Ordinary Shares of 1p each at a price of £1 per share to be admitted to
the Official List.

As a consequence of the tenth allotment, a total of 22,048,742 Ordinary Shares
have now been issued under this offer.

Dealing of the shares is expected to commence on 16 May 2008.

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



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