Quester VCT 5 plc ("the Company")                       

The directors are pleased to announce that the Company has made an allotment of
63,000 ordinary shares of 1p each in the Company under the 2003/2004 offer for
subscription announced on 2 October 2002.

It is expected that dealings will commence on Friday 2 May 2003.

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

1 May 2003



END