Rule 2.10 Announcement

QUESTER VCT PLC

QUESTER VCT 2 PLC

QUESTER VCT 3 PLC

(together 'Quester VCTs 1, 2 and 3')

RULE 2.10 ANNOUNCEMENT

31 January 2005

In accordance with Rule 2.10 of The City Code on Takeovers and Mergers,

Quester VCTs 1, 2 and 3 announce that they have in issue the following numbers
of shares with the following International Securities Identification Numbers
('ISINs'):

Company Shares ISIN

Quester VCT plc 33,259,083 ordinary shares of 5p each GB0007174294

Quester VCT 2 plc 42,994,075 ordinary shares of 5p each GB0002481900

Quester VCT 3 plc 46,663,993 ordinary shares of 1p each GB0000592625

and that options are outstanding in respect of the following numbers of shares:

Company Shares subject to options

Quester VCT plc up to 2,351,421 ordinary shares of 5p each

Quester VCT 2 plc up to 7,587,189 ordinary shares of 5p each

Quester VCT 3 plc up to 11,665,998 ordinary shares of 1p each