Purchase of Own Securities

Elderstreet Downing VCT PLC
17 April 2003

Elderstreet Downing VCT plc

17 April 2003

Elderstreet Downing VCT plc announces that on 15 April 2003 the Company
purchased 10,000 ordinary shares of 5p each for cancellation representing 0.07%
of the issued share capital at a price of 42p per share.

Following this transaction the Company now has 15,007,500 shares in issue.


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