Quester VCT 5 PLC
27 May 2002

                       Quester VCT 5 plc ("the Company")


The directors are pleased to announce that the Company has made an allotment of
235,200 ordinary shares of 1p each in the Company under the 2002/2003 offer for
subscription announced on 4 December 2001.


It is expected that dealings will commence on Tuesday 28 May 2002.


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






27 May 2002



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