Re. Further Share Offer

Close Brothers Aim Vct PLC
08 October 2004




Close Brothers AIM VCT plc

Further to the announcement of a further top-up share offering on 21 September
2004, Close Brothers AIM VCT plc ('the Company') announces that it has now
issued a further 1,956,919 Ordinary Shares to investors. These Ordinary Shares
rank pari passu with the existing Ordinary Shares in the Company and were issued
at a price of 83.5p per share in line with the pricing formula in the top-up
offer document, based on a Net Asset Value of 79.2p per Ordinary Share as at the
close of business on Thursday 7 October 2004. Dealings are expected to commence
in the new Ordinary Shares on 11 October 2004. Share certificates are expected
to be despatched or CREST accounts credited by 25 October 2004. Following this
allotment, the Company has 35,899,271 Ordinary Shares and 3,343,628 D Shares in
issue.

This further top-up issue is now closed. The Board is pleased to announce that
following this issue, it is expected that the Company will publish a prospectus
with regard to a further 'D' Share offer shortly and is expecting to announce
its interim results and other proposals for Shareholders' consideration on
Wednesday 13 October 2004.

Lenny Norstrand or Ben Prior                        0207 246 1162
Brewin Dolphin Securities

Andrew Buchanan                                     0207 426 4000
Close Investment Limited




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