Transaction in Own Shares

Elderstreet VCT PLC
27 April 2007


Elderstreet VCT plc
27 April 2007

Elderstreet VCT plc announces that on 27 April 2007 the Company purchased a
total of 85,340 Ordinary shares of 5p each for cancellation  representing 0.92%
of the total issued share capital at a price of 71.5p per share.

Following the above transaction the Company's capital consists of 20,743,521
Ordinary shares of 5 pence each, comprising Ordinary shares in issue and to be
issued shortly in connection with the merger for Elderstreet Millennium Venture
Capital Trust plc, and 1,542,202 'C' Ordinary shares of 5 pence each.  The
Company does not hold any shares in treasury.

Therefore the total number of voting rights in Elderstreet VCT plc is
22,285,723.

The above figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, Elderstreet VCT plc under the
FSA's Disclosure and Transparency Rules.



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