Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                          
                                                                                        
                                                                                        
                                                                                        
1. Identity of the issuer or the underlying issuer                   Investec Structured
of existing shares to which voting rights are                          Products Calculus
attached:ii                                                           VCT plc (07142153)
                                                                                        
2 Reason for the notification (please tick the appropriate box or boxes):               
                                                                                        
An acquisition or disposal of voting rights                                             
                                                                                        
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                                       X
                                                                                        
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                                        2 November 2010
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                                        4 November 2010
                                                                                        
7. Threshold(s) that is/are crossed or                                     From 5% to 4%
reached: vi, vii                                                                        
                                                                                        


 

8. Notified details:                                                                                     
                                                                                                         
A: Voting rights attached to shares viii, ix                                                             
                                                                                                         
Class/type   Situation previous             Resulting situation after the triggering transaction         
of           to the triggering                                                                           
shares       transaction                                                                                 
                                                                                                         
                                                                                                         
if possible  Number          Number         Number          Number of voting        % of  voting rights x
using        of              of             of shares       rights                                       
the ISIN     Shares          Voting                                                                      
CODE                         Rights                                                                      
                                            Direct          Direct xi Indirect xii  Direct  Indirect     
                                                                                                         
GB00B631ZQ22                                                                                                        
Ordinary 1p                                                                                              
Shares       205,500         205,500        205,500         205,500   n/a           4.88%   n/a          
                                                                                                         
                                                                                             
                                                                                                         
                                                                                                         
                                                                                                         
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 xiv     rights that may be           rights         
                                                             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 price Expiration    Exercise/        Number of voting rights    % of voting rights
financial                    date xvii     Conversion       instrument refers to       xix, xx           
instrument                                 period xviii                                                  
                                                                                                         
                                                                                                         
                                                                                       Nominal Delta      
                                                                                                         
                                                                                                         
                                                                                                         
                                                                                                         
                                                                                                         
Total (A+B+C)                                                                                            
                                                                                                         
Number of voting rights                            Percentage of voting rights                           
                                                                                                         
205,500                                            4.88%                                                 
                                                                                                         


 

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:                                                                          
                                                                                        
                                                                                        
                                                                                        
                                                                                        
13. Additional information:        Calculated using the Company's latest announced Total
                                          Voting Rights, being 4,210,193 Ordinary Shares
                                                                                        
14. Contact name:                                                      Michael O'Higgins
                                                                                        
15. Contact telephone number:                                               01392 477500