Dividend Declaration

Foresight Technology VCT PLC
03 June 2004


Foresight Technology VCT plc

Special Dividend and Dividend Investment Scheme Proposals

The Board is pleased to announce that, following the successful realisation of
the Ordinary Shares fund investment in Advanced Composites Group, a special
dividend of 52p per Ordinary Share is expected to be paid on 5 July 2004 to
Ordinary Shareholders on the register on 11 June 2004. The Board is also pleased
to advise that it proposes to introduce a dividend investment scheme, details of
which will be circulated shortly, which will apply in respect of this special
dividend and future dividends (both in respect of Ordinary Shares and 'C'
Shares) paid by the Company.

Shareholders should also note a correction to the diluted net asset values that
appeared in the Company's Report and Accounts for the year ended 31 December
2003 which were not correctly stated in accordance with the requirements of the
Statement of Recommended Practice 'Financial Statements of Investment Trust
Companies'. The diluted net asset values should have been 176.85p per Ordinary
Share and 67.18p per 'C' Share and not 165.43 per Ordinary Share and 56.52p per
'C' Share.

A supplemental Statement will be sent to shareholders shortly.

End

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