Issue of Equity

BioScience VCT plc
19 June 2003


BIOSCIENCE VCT PLC

ISSUE OF EQUITY

BioScience VCT plc announces that on 18 June 2003 the Company issued and
allotted 6,000 new ordinary shares of 50p each respectively. The issued share
capital of the Company is now 7,238,175 ordinary shares. The new shares were
issued for cash at a price of 100p each.

Application will be made for admission of the new ordinary shares to trading on
the London Stock Exchange as soon as practicable.


ENDS


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