QUV Quester Vct 5

Offer by Quester VCT 5 plc Quester VCT 5 plc announces that it has published a Prospectus to raise up to � 10 million. The Offers for Subscription are for up to 10,928,962 New Ordinary Shares for both the 2004/2005 and 2005/2006 tax years. The Offers open on 10 January 2005 and will close at 10am on 4 April 2005 for the 2004/2005 Offer and 30 June 2005 (or any earlier date on which it is fully subscribed) for the 2005/2006 Offer. There is an incentive mechanism in place for application forms received before noon on 28 February 2005. To obtain a copy of the prospectus, private investors and financial advisers should call the Manager, Quester Capital Management Limited on 020 7227 3333 or the sponsor and broker, Noble & Company on 020 7763 2200. Downloadable versions of the prospectus will also be available from www.quester.co.uk A copy of the Prospectus has been submitted to the UKLA, and will shortly be available for inspection at the UKLA's Document Viewing Facility, which is situated at: Financial Services Authority The North Colonnade Canary Wharf LONDON E14 5NS For further information contact: Janet Chalkley Quester Capital Management Limited, tel. 020 7227 3333 Shane Elliott Noble & Company Limited, tel. 020 7763 2200 END

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