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Wednesday 23 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
191,226 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 Tuesday 29 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.

23 March 2005