Offer for Subscription

TriVest VCT PLC
16 January 2001


TriVest VCT Plc

Extension of Offer for Subscription

On  13  October  2000 the Board announced  an  offer  for
subscription of up to £40 million ordinary shares  at  an
issue   price   of  100p  per  share  payable   on   full
subscription  details  of which  were  contained  in  the
prospectus of the same date.

The Board is pleased to announce that to date
approximately £25 million has been raised.

The  Board  also announces that it has decided to  extend
the closing date from 16 January.

The next closing date will be 12 February 2001 unless the
offer  is  fully  subscribed by  an  earlier  date.   The
closing date may be extended or the size of the offer for
subscription may be increased at the absolute  discretion
of the directors.