Investment Update

TriVest VCT PLC
29 November 2000

TriVest VCT plc


Investment Update


The Board of TriVest VCT Plc is pleased to announce that its first investment
has been made.


On 21 November 2000 the Company made an investment of £250,000 in iDesk plc in
return for a 0.7 per cent interest in the company. iDesk provides outsourced
technical helpdesk services, mainly to UK Internet Service Providers and
telecoms companies. It currently supports over 2.5 million end users. iDesk
also supplies its support desk software 'OSM' to corporate help-desks and has
recently launched an electronic bill presentation service.


In seeking to support and accelerate the growth of its business, the company
is currently generating operating losses. The proceeds from the recent placing
of shares will be used to provide working capital and finance capital
expenditures and future operating losses.