Cash Distribution

Foresight Technology VCT PLC
29 February 2000


FORESIGHT TECHNOLOGY VCT PLC

Cash Distribution


The  Board  of Foresight Technology VCT plc  ('Foresight'
or  the  'Company') announces that e-district.net plc,  a
company  in which Foresight has a 30 per cent.  interest,
has today announced its flotation on AIM. The Company has
been valued at £149.7million and dealings are expected to
commence on 7 March 2000.

As   part   of  this  transaction  Foresight  has   sold,
conditional only on admission of e-district's  shares  to
AIM,  6,623,030 shares at the placing price  of  195p  to
raise £12.39 million net of expenses.

The  Board has decided to make a distribution of 100p per
share  by way of a dividend, to all ordinary shareholders  on  the
register  at  the  close of business on  10  March  2000,
payable on 30 April 2000.

In  order to enable this capital profit to be distributed
the   Board   of  Foresight  will  revoke  the  Company's
investment company status.

As  a  result  of  this distribution the  hurdle  on  the
performance related carried interest arrangements will be
met  and 1,960,324 new ordinary shares will be issued  at
par  to the parties entitled under those arrangements who
will  also participate in this dividend to the extent  of
38.85p per share.

In addition the Board is pleased to announce that the  C
share offer closed on 28 February 2000 having raised £33
million.