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Wednesday 02 March, 2005


Statement re allotment of shares

                       Quester VCT 5 plc ('the Company')                       

The directors are pleased to announce that the Company has made an allotment of
341,184 ordinary shares of 1p each in the Company under the 2004/2005 offer for
subscription announced on 23 December 2004.

It is expected that dealings will commence on Thursday 3 March 2005.

The 2004/2005 offer closes on 4 April 2005 and the 2005/2006 offer, also
announced on 23 December 2004, closes on 30 June 2005.

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

2 March 2005