QUV Quester Vct 5

    Quester VCT 5 plc ("the Company")                       

The directors are pleased to announce that the Company has made an allotment of
123,000 ordinary shares of 1p each in the Company under the 2002/2003 offer for
subscription announced on 2 October 2002.

It is expected that dealings will commence on Friday 10 January 2003.

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

9 January 2003

                                                                 Announc 2.1.03



END

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