Result of AGM

Elderstreet VCT plc
29 June 2011

At  the  Annual  General  Meeting  of  Elderstreet  VCT  plc,  held  today,  all
resolutions were passed.

Details  of the proxy votes  in respect of the  resolutions passed at the Annual
General Meeting received as at 11:00am on 27 June 2011, 48 hours before the time
of the meeting, at Downing Management Services Limited are set out below:

+--------------+----------+-------------+----------+--------+----------+
|              |   For    |Discretionary| Against  |Withheld|          |
+--------------+----------+-------------+----------+--------+----------+
|Resolution No.|  No. of  |   No. of    |  No. of  | No. of |  Total   |
|              |  Votes   |    Votes    |  Votes   | Votes  |  Votes   |
|              |          |             |          |        |          |
|              |% of votes| % of votes  |% of votes|        |% of votes|
+--------------+----------+-------------+----------+--------+----------+
|      1       |1,000,171 |   65,999    |  8,804   |   -    |1,074,974 |
|              |          |             |          |        |          |
|              |  93.04%  |    6.14%    |  0.82%   |        | 100.00%  |
+--------------+----------+-------------+----------+--------+----------+
|      2       | 952,040  |   65,999    |  28,609  | 28,320 |1,046,648 |
|              |          |             |          |        |          |
|              |  90.96%  |    6.31%    |  2.73%   |        | 100.00%  |
+--------------+----------+-------------+----------+--------+----------+
|      3       | 975,708  |   65,999    |  33,261  |   -    |1,074,968 |
|              |          |             |          |        |          |
|              |  90.77%  |    6.14%    |  3.09%   |        | 100.00%  |
+--------------+----------+-------------+----------+--------+----------+
|      4       | 993,729  |   65,999    |  15,240  |   -    |1,074,968 |
|              |          |             |          |        |          |
|              |  92.44%  |    6.14%    |  1.42%   |        | 100.00%  |
+--------------+----------+-------------+----------+--------+----------+
|      5       | 972,979  |   65,999    |  30,990  | 5,000  |1,069,968 |
|              |          |             |          |        |          |
|              |  90.94%  |    6.17%    |  2.90%   |        | 100.00%  |
+--------------+----------+-------------+----------+--------+----------+
|      6       | 991,704  |   65,999    |  17,265  |   -    |1,074,968 |
|              |          |             |          |        |          |
|              |  92.25%  |    6.14%    |  1.61%   |        | 100.00%  |
+--------------+----------+-------------+----------+--------+----------+
|      7       | 985,227  |   69,809    |  19,932  |   -    |1,074,968 |
|              |          |             |          |        |          |
|              |  91.65%  |    6.49%    |  1.85%   |        | 100.00%  |
+--------------+----------+-------------+----------+--------+----------+
|      8       | 935,592  |   65,999    |  73,377  |   -    |1,074,968 |
|              |          |             |          |        |          |
|              |  87.03%  |    6.14%    |  6.83%   |        | 100.00%  |
+--------------+----------+-------------+----------+--------+----------+

A copy of the resolutions passed will be submitted to the National Storage
Mechanism and will shortly be available for inspection at
www.hemscott.com/nsm.do.







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Source: Elderstreet VCT plc via Thomson Reuters ONE

[HUG#1526906]