RNS Number:2535O
Pennine AIM VCT PLC
01 August 2003

PENNINE AIM VCT PLC 'C' SHARES



1st AUGUST 2003



The Directors announce that the Offers for Subscription for Ordinary 'C' Shares
of 10p each ("the Offers") announced on 7th October 2002 closed at 5 p.m. on
Thursday 31st July 2003 in accordance with their terms.



In addition to previous announcements regarding Directors' participation, the
following Directors and related parties have also subscribed for Ordinary 'C'
Shares of 10p each at a price of #1 each in the following amounts:



H Gillespie     5,100

N Lewis          5,000

Mrs N Lewis   5,000



The total number of Ordinary 'C' Shares of 10p subscribed for under the Offers,
which have been allotted, is 6,192,483.   Under the Block Listing application
made on 31st March 2003, 5,619,142 Ordinary 'C' Shares of 10p have been listed
and application will be made at the earliest practicable opportunity to the UK
Listing Authority and the London Stock Exchange for admission to listing and
trading of the remaining 573,341 Ordinary 'C' Shares of 10p.
















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