QUESTER VCT 5 PLC

FOR IMMEDIATE RELEASE

CONFIRMATION OF RELEASE IS REQUIRED

FOR THE ATTENTION OF RNS ONLY

CONTACT: NAMBIA FERGUSON 020 7222 5472

                       Quester VCT 5 plc ("the Company")                       

The directors are pleased to announce that the Company has made a further
allotment of 51,717 ordinary shares of 1p each in the Company at a price of
98.842p per share under the 2003/04 offer for subscription announced on 14
November 2003.

It is expected that dealings will commence on Wednesday 7 January 2004.

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

6 January 2004

                                                                 Announc 6 1 04



END