Quester VCT 5 plc ("the Company")                       

The directors are pleased to announce that the Company has made an allotment of
983,050 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 Thursday 3 April 2003.

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

2 April 2003

                                                                 Announc 2.4.03



END