Quester VCT 5 plc ("the Company")                       

The directors are pleased to announce that the Company has made an allotment of
380,610 ordinary shares of 1p each in the Company under the 2002/2003 offer for
subscription announced on 2 October 2002.

It is expected that dealings will commence on Friday 4 April 2003.

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

3 April 2003

                                                                 Announc 3.4.03



END