Dividend Declaration

Quester VCT plc

Second interim dividend for the year ending 28 February 2007

The Board of Quester VCT plc has declared an interim dividend of 2.8p per share
payable on 21 March 2007. The ex-dividend and record dates are 21 February 2007
and 23 February 2007 respectively.

This dividend is being paid in place of a final dividend for the year ending 28
February 2007. As foreshadowed in the interim report last November, the Board
has decided to make an early payment to ensure that the Company meets the
requirements of the new HM Revenue & Customs rule for VCTs, which takes effect
on 6 April 2007, that any money held by a VCT will be treated as an investment
for the purposes of the 70% qualifying investment test.

Taking this dividend into account, total dividends paid or declared in respect
of the year ending 28 February 2007 amount to 4.2p per share, an increase of
12% over the prior year. Total dividends declared since the date of the merger
of Quester VCT plc with Quester VCT 2 plc and Quester VCT 3 plc now total 7.95p
per share.

Should you have any questions relating to this distribution, then please send
them to the Company's registered office at 29 Queen Anne's Gate, London, SW1H
9BU (email: [e-mail]).

14 February 2007