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Quester Appoints Board to enlarged VCT

London 20 July 2005 -- Further to the successful completion of the Merger of Quester VCT plc with Quester VCT 2 plc and Quester VCT 3 plc, the Directors of the Company are pleased to announce the following changes to the Board.

Christopher Wright has been appointed as a non-executive Director, with effect from 13 July 2005. He brings significant experience of venture capital investing in technology and life sciences on both sides of the Atlantic, as well as having managed funds in other classes of private equity.

Christopher is currently engaged in a number of roles, including Director of Merifin Capital Group, Brussels; Advisory director of Campbell Lutyens & Co. Ltd, London; Chairman of Wall Street Technology Partners LLC and Chairman of Noble Venture Finance. His current activities follow over 20 years experience with Kleinwort Benson, latterly having been Global Head of Private Equity within the Dresdner Bank Group.

David Quysner (formerly Chairman of Quester VCT 3 plc, appointed as a Director upon completion of the Merger) has resigned from the Board with effect from 20 July 2005 because of the requirements of new business commitments. David made an invaluable contribution to the affairs of Quester VCT 3 plc over the period from its launch in January 2000 to the date of the Merger, and to the development of the arrangements for the Merger itself. The Board wish him well for the future.

Jock Birney (formerly Chairman of Quester VCT 2 plc, appointed as a Director upon completion of the Merger) has been appointed as Chairman of Quester VCT plc, with effect from 13 July 2005. He succeeds Tom Scruby, who has served as Chairman since the launch of the company in 1996 and will remain as a Director.

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