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Quester VCT 5 PLC (SVC3)

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Friday 31 May, 2002

Quester VCT 5 PLC

Closure of Offer

Quester VCT 5 PLC
31 May 2002

                       Quester VCT 5 PLC ('the Company')

                       Closure of Offers for Subscription

The Directors announce that the offers for subscription ('the Offers') announced
on 4 December 2001 will close at 5pm today, 31 May 2002 in accordance with their
terms. A total of 18,013,134 ordinary shares of 1 p each ('Ordinary Shares')
available under the Offers have been allotted to subscribers at a price of £1.

The Directors reserve the right to accept applications accompanied by the
required remittance which are received after 5pm on Friday 31 May but not later
than 10am on Thursday 6 June, provided that the cover bears a legible post-mark
not later than 3pm on

31 May 2002.

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