RNS Number:0617M
Pennine AIM VCT 5 PLC
09 May 2005

Pennine AIM VCT 5 plc
9 May 2005

Offers for subscription of ordinary shares ("the Offers")

The Directors of Pennine AIM VCT 5  plc are pleased to announce allotments
between 14 April 2005 and 29 April 2005 of 965,797 ordinary shares of 1p each
("the  Shares"),  payable at 100p per share, pursuant to the Offers announced on
27 October 2004.  The number of Shares issued under the Offers now totals
21,124,104.

Dealings in  the Shares are expected to commence on 12 May 2005 and definitive
documents of title are expected to be dispatched within 30 days of allotment.

The Offers will close on 27 June 2005.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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