Transaction in Own Shares

Elderstreet Downing VCT PLC
05 November 2004


Elderstreet Downing VCT plc
5 November 2004


Elderstreet Downing VCT plc announces that on 5 November 2004 the Company
purchased a total of 6,000 ordinary shares of 5p each for cancellation
representing 0.04% of the issued share capital at a price of 50p per share.

Following these transactions the Company now has 14,659,300 shares in issue.


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