RNS Number:9309I
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 (0.05% of the issued share capital).

Dennis Hallahane holds 5,000 shares (0.05% of the issued share capital).

Giles Chitty holds 5,000 shares (0.05% of the issued share capital).

Mark Mansley holds 10,000 shares (0.10% of the issued share capital).

Mr & Mrs Nicholas Lewis hold 50,000 shares (0.5% of the issued share capital).


END

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