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QUESTER VCT 5 (SVC3)

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Tuesday 31 May, 2005

QUESTER VCT 5

Statement re Allotment of Shares


QUESTER VCT 5 PLC



                       Quester VCT 5 plc ('the Company')                       

The directors are pleased to announce that the Company has made an allotment of
7,292 ordinary shares of 1p each in the Company at a price of 95.98p under the
2005/2006 offer for subscription announced on 23 December 2004.

It is expected that dealings will commence on Thursday 2 June 2005.

The Offer will now close at 12 noon on 28 June 2005 unless it is fully
subscribed prior to that date.

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

31 May 2005