RNS Number:9327I
Pennine Downing Ethical VCT PLC
11 April 2000


Following the closure of the Offer for Subscription and the admission of
shares to Listing, the Company has been advised of the following holdings by
Directors.

Andrew Davison holds 5,000 shares (0.025% of the issued share capital).

Stephen Edwards holds 12,500 shares (0.06% of the issued share capital).

Ernest Sharp holds 36,000 shares (0.18% of the issued share capital).


END

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