Quester VCT 5 plc ("the Company")                       

The directors are pleased to announce that the Company has made a final
allotment of 451,075 ordinary shares of 1p each in the Company under the 2004/
2005 offer for subscription announced on 23 December 2004. This offer closed on
4 April 2005.

It is expected that dealings will commence on Tuesday 5 April 2005.

The 2005/2006 offer, also announced on 23 December 2004, closes on 30 June
2005.

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

4 April 2005

                                                               Announc 4 Apr 05



END
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