Issue of Equity

Keydata AIM VCT PLC
24 December 2004

KEYDATA AIM VCT PLC

Allotment of Shares

The Board is pleased to announce that in accordance with the terms of the Offer
for Subscription dated 10 September 2004 (the 'Offer'), a further 1,427,630
ordinary shares of 1 pence each were allotted on 23 December 2004 at 100 pence
per share.

Application has been made for the admission of the 1,427,630 ordinary shares to
the Official List of the UK Listing Authority and to trading on London Stock
Exchange plc's market for listed securities.

A total of 6,447,902 ordinary shares have been allotted to date by the Company
under the Offer.


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