QUV Quester Vct 5

Quester VCT 5 plc ("the Company")                       

The directors are pleased to announce that the Company has made a further
allotment of 793,499 ordinary shares of 1p each in the Company at a price of
97.578p per share under the 2003/04 offer for subscription announced on 14
November 2003.

It is expected that dealings will commence on Friday 2 April 2004.

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

1 April 2004

                    Announc 1 4 04



END

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