Purchase of Own Securities

Elderstreet Downing VCT PLC
08 April 2003

Elderstreet Downing VCT plc

8 April 2003

Elderstreet Downing VCT plc announces that on 7 April 2003 the Company purchased
5,000 ordinary shares of 5p each for cancellation representing 0.03% of the
issued share capital at a price of 42p per share.

Following this transaction the Company now has 15,017,500 shares in issue.


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