RNS Number:3966L
Pennine AIM VCT PLC
21 May 2003


PENNINE AIM VCT plc 'C' Shares

The directors are pleased to announce that the Company has made further
allotments of 2,631,837 ordinary 'C' shares of 10p each in the Company under the
Offers for Subscription announced on 7th October 2002.

Application has been made to the UK Listing Authority for admission of these
shares to the Official List and the London Stock Exchange for admission to
trading.  It is expected that dealings will commence on Thursday 22 May 2003.


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