Quester VCT 5 plc ("the Company")                       

The directors are pleased to announce that on 20 June 2003 the Company made an
allotment of 14,262 ordinary shares of 1p each in the Company under the terms
of the Company's dividend reinvestment scheme.

It is expected that dealings will commence on Friday 27 June 2003.

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



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