Net Asset Values

Elderstreet VCT plc

25 January 2008

Net Asset Values

Elderstreet VCT plc announces that its unaudited Net Asset Values per share as at 30 November 2007 were as follows:

Ordinary Shares 82.9p

C Shares 91.8p

The Company's investment portfolios and other assets as at 30 November 2007 are summarised as follows:

Ordinary share pool (unaudited)		Cost	Value
Top ten venture capital investments		£000	£000
Snacktime plc**	Vending machines	1,500	2,439
Wessex Advanced Switching Products	Manufacturer	55	1,796
Baldwin & Francis Holdings Limited	Manufacturer	690	1,320
Oldbury Aluminium Alloys Limited	Aluminium recycler	1,275	1,275
Lyalvale Express Limited	Manufacturer	915	915
UM Holdings Limited	Plant hire	54	915
Smart Education Limited	Recruitment agency	917	544
Fords Packaging Systems Limited	Packaging machinery	83	542
WeComm Limited	Software developer	500	500
Interquest Group plc*	Recruitment agency	251	387
		6,240	10,633
Other venture capital investments		5,751	3,091
Total venture capital investments		11,991	13,724
Listed fixed income securities		2,585	2,598
Total investments		14,576	16,322
Cash at bank and in hand			417
Other net current assets			115
Net assets			16,854

C share pool (unaudited)		Cost	Value
Venture capital investments		£000	£000
Interquest Group plc*	Recruitment agency	100	154
Snacktime plc**	Vending machines	125	116
Melorio plc*	Support services	100	111
Servoca plc*	Support services	60	103
Oldbury Aluminium Alloys Limited	Aluminium recycler	100	100
WeComm Limited	Software developer	100	100
AngloInfo Limited	Internet services	80	80
Smart Education Limited	Recruitment agency	135	58
Mediasurface plc*	Software developer	80	37
Infoserve plc*	Computer services	60	24
		940	883
Listed fixed income securities		486	498
Total investments		1,426	1,381
Cash at bank and in hand			29
Other net current assets			6
Net assets			1,416


* Quoted on AIM
** Snacktime plc was admitted to AIM on 19 December 2007
All venture capital investments are unquoted unless otherwise stated