Purchase of Own Securities

Elderstreet Downing VCT PLC
26 March 2003

Elderstreet Downing VCT plc

26 March 2003

Elderstreet Downing VCT plc announces that on 25 March 2003 the Company
purchased 60,000 ordinary shares of 5p each for cancellation representing 0.4%
of the issued share capital at a price of 42p per share.

Following this transaction the Company now has 15,022,500 shares in issue.


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