Issue of Equity

Elderstreet VCT plc 29 May 2009 Issue of Equity The Directors announce that the Company has made the following allotment under the Offer for Subscription made on 9 December 2008 ("the Offer") in accordance with the pricing formula set out in the offer document. On 29 May 2009, 117,016 Ordinary Shares of 5p each were allotted under the Offer at a price of approximately 74.7p 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 is now closed. ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.