Quester VCT 5 plc ("the Company")                       

The directors are pleased to announce that the Company has made an allotment of
183,680 ordinary shares of 1p each in the Company under the 2003/2004 offer for
subscription announced on 2 October 2002.

It is expected that dealings will commence on Thursday 17 April 2003.

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

15 April 2003



END