Quester VCT 5 plc ("the Company")                       

The directors are pleased to announce that the Company has made an allotment of
178,300 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 7 March 2003.

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

6 March 2003

                                                                 Announc 6.3.03



END