Issue of Equity

Quester VCT plc ("the Company")                        

The Directors are pleased to announce that on 19 January 2007 the Company made
an allotment of 132,683 ordinary shares of 5p each in the Company under the
terms of the Company's dividend reinvestment scheme.

It is expected that dealings will commence on Wednesday 24 January 2007.

Copies of the documents relating to the dividend reinvestment scheme of Quester
VCT plc dated 17 May 2006, which were circulated to shareholders, are available
for public inspection at the UKLA's Document Viewing Facility, which is
situated at:

Financial Services Authority

25 The North Colonnade

Canary Wharf

London E14 5NS

For further information please contact Janet Chalkley at Quester on 020 7222
5472.