Holding(s) in Company

1. Identity of the issuer or the underlying         Investec Structured Products Calculus
issuer of existing shares to which voting rights                       VCT plc (07142153)
are attached: ii                                                                         

2 Reason for the notification (please tick the appropriate box or boxes):                
An acquisition or disposal of voting rights                                             X
An acquisition or disposal of qualifying financial instruments which may result          
in the acquisition of shares already issued to which voting rights are attached          
An acquisition or disposal of instruments with similar economic effect to                
qualifying financial instruments                                                         
An event changing the breakdown of voting rights                                         
Other (please specify):                                                                  

3. Full name of person(s) subject to the                                Michael O'Higgins
notification obligation: iii                                                             

4. Full name of shareholder(s) (if                                                       
different from 3.):iv                                                                    

5. Date of the transaction and date on                                                   
which the threshold is crossed or                                              5 May 2010
reached: v                                                                               

6. Date on which issuer notified:                                              5 May 2010

7. Threshold(s) that is/are crossed or                                       more than 3%
reached: vi, vii                                                                         

8. Notified details:                                                                         
A: Voting rights attached to shares                                                          
viii, ix                                                                                     
Class/type of    Situation previous to   Resulting situation after the triggering transaction
shares if        the triggering                                                              
possible using   transaction                                                                 
the ISIN CODE    Number of  Number of    Number of Number of voting     % of voting rights x 
                 Shares     Voting       shares    rights                                    
                            Rights       Direct    Direct xi   Indirect Direct     Indirect  
                                                               xii                           
Ordinary         n/a        n/a          205,500   205,500     n/a      5.31%      n/a       
GB00B631ZQ22                                                                                 

B: Qualifying Financial Instruments                                                      
Resulting situation after the triggering                                                 
transaction                                                                              
Type of financial    Expiration Exercise/           Number of voting     % of voting     
instrument           date xiii  Conversion Period   rights that may be   rights          
                                xiv                 acquired if the                      
                                                    instrument is                        
                                                    exercised/                           
                                                    converted.                           

C: Financial Instruments with similar economic effect to Qualifying Financial             
Instruments xv, xvi                                                                       
Resulting situation after the triggering transaction                                      
Type of          Exercise  Expiration Exercise/  Number of voting      % of voting rights 
financial        price     date xvii  Conversion rights instrument     xix, xx            
instrument                            period     refers to                                
                                      xviii                                               
                                                                       Nominal    Delta   

Total (A+B+C)                                                                         
Number of voting rights                    Percentage of voting rights                
205,500                                    5.31%                                      

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi

Proxy Voting:                                                                          
10. Name of the proxy holder:                                                          
11. Number of voting rights proxy holder will cease to                                 
hold:                                                                                  
12. Date on which proxy holder will cease to hold                                      
voting rights:                                                                         

                                                 Calculated using the Company's latest
13. Additional information:                      announced issued Share capital, being
                                                                      3,867,917 Shares
14. Contact name:                                                    Michael O'Higgins
15. Contact telephone number:                                            01392 477 500