OFFER UPDATE – USE OF OVER-ALLOTMENT FACILITY

FORESIGHT ENTERPRISE VCT PLCLEI: 213800MWJNR3WZZ3ZP42

OFFER UPDATE – USE OF OVER-ALLOTMENT FACILITY4 DECEMBER 2023

The Company published a prospectus on 13 October 2023 (Prospectus) containing an offer for subscription to raise up to £20 million with an over-allotment facility to raise up to a further £10 million through the subscription of new ordinary shares of 1p each (Offer). Full details of the Offer are contained in the Prospectus, which include details relating to the expected timetable for accepting applications for the 2023/2024 and 2024/25 tax years.

In order to accommodate further demand, and in accordance with terms of the Prospectus, the Board of Directors of the Company (Board) has decided to implement the over-allotment facility available under the Offer to raise up to a further £10 million. The Offer will remain open until 30 April 2024 unless fully subscribed as to the amount available before this date or otherwise at the Board's discretion.

For further information, please contact:

Company Secretary:Foresight Group LLP Contact: Gary Fraser Tel: 0203 667 8100

Investor Relations:Foresight Group LLPContact: Andrew James Tel: 0203 667 8181

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