Guinness Flight Venture Capital Trust Plc                   

The Company announces that as at the close of business on 30 November 2005 the
10 largest investments in the Company's portfolio were:

Top Ten                                % Gross Assets  
                                                       
Mawdsley's GNS Limited                14.73            
                                                       
Offstump Limited (t/a IST)            10.87            
                                                       
Higher Nature Limited                 10.17            
                                                       
Bridgefilms Limited (Sooty)           9.35             
                                                       
Linguaphone Group Plc                 7.91             
                                                       
Pearl Products Limited                6.35             
                                                       
Espresso Broadband                    5.83             
                                                       
Serrastone                            4.88             
                                                       
International Diagnostic Group        4.81             
Limited                                                
                                                       
Ashcol                                2.79             
                                                       
                                      77.69            

Enquiries please contact:

Martin Slade 020 7597 2000

Investec Investment Management Limited



END
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