Director/PDMR Shareholding

Investec Structured Products Calculus VCT plc (the "Company")

Director Dealing

The Company announces that Mr Ian Wohlman, a Director of the Company, was
allotted 30,000 C Shares of 1p each in the Company at a price of 100p per share
on 1 April 2011 through the offer for subscription that opened on 7 January
2011.

Mr Wohlman's interests in the securities of the Company are now as follows:

                      Number of shares         % of class of capital    
                                                                        
Ordinary Shares       30,000                   0.63%                    
                                                                        
C Shares              30,000                   1.82%                    
                                                                        

As a result Mr Wohlman's total holding in the Company amounts to 0.94% of the
total voting rights.

5 April 2011