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Quester VCT 4 PLC (KAY2)

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Monday 04 December, 2000

Quester VCT 4 PLC

Issue of Equity

Quester VCT 4 PLC
4 December 2000

                      Quester VCT 4 plc ('the Company')

The directors are pleased to announce that on 1 December 2000 the Company made
an allotment of 7,103,622 ordinary shares of 1p each in the Company under the
2000/2001 offer for subscription announced on 1 November 2000.

It is expected that dealings will commence on Tuesday 5 December 2000.

For further information please contact John Spooner or Richard Drover at
Quester on 020 7222 5472.

4 December 2000