Issue of Equity

Elderstreet VCT plc 3 June 2008 Issue of Equity The Directors announce that the Company has made the following allotment under the Offer for Subscription made on 4 February 2008 ("the Offer") in accordance with the pricing formula set out in the prospectus. On 2 June 2008, 103,712 Ordinary Shares of 5p each were allotted under the Offer at a price of approximately 91.43p per share. Application for the new shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities will be made at the earliest practical opportunity. The Offer for Subscription has now closed. ---END OF MESSAGE---