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Foresight Technology (FTV)

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Friday 02 March, 2001

Foresight Technology

Investment Returns

Foresight Technology VCT PLC
2 March 2001

Foresight Technology VCT Plc

Investment Returns

On  19  February 2001, the company made two announcements
in  relation to its investment in e-district.net  plc,  a
company that had had its quotation suspended due to  that
company's  directors believing that its reported  numbers
for  registered users, page impressions and revenues  had
been   substantially  overstated.   The   board   of   e-
district.net  plc,  together with its external  advisers,
has commenced a full investigation.

In   order   to   provide  information   to   Foresight's
shareholders   in   advance  of  the   outcome   of   the
investigations,  the returns achieved  by  VCF  Partners,
Foresight's  investment advisers, have been  recalculated
excluding the investment in e-district.net plc.  The Board
believes  that this is the most appropriate  and  prudent
course of action.

The  Ordinary Shares fund of Foresight produced a  return
of  164%  per  annum to 30 September 2000, including  the
current investment in e-district.net plc, which comprised
a   substantial  part  of  Foresight's  venture   capital
portfolio.

Excluding  the  current investment in e-district.net  plc
the  Ordinary  Shares fund of Foresight  has  produced  a
return of 95 per cent. per annum to 30 September 2000 and
has  produced a return of 79 per cent. per  annum  to  16
February 2001.  In addition, the combined return for  the
Ordinary  Shares  fund of Foresight and Fleming  Ventures
(another VCF advised fund) was 18 per cent. per annum from
March  1985  to  30 September 2000 and 21 per  cent.  per
annum from March 1985 to 16 February 2001.

No  shares in e-district.net plc are held by Foresight in
its  'C'  Shares  fund.  On 16 January 2001  the  Company
published  a placing letter in connection with  an  offer
for  subscription of up to 1,000,000 new 'C' Shares  with
'C' Warrants attached on a one for five basis at 100p per
share.  This offer has today been extended until 5  April
2001.