30 December 2008

Close Technology & General VCT plc

Issue of Equity

Close Technology & General VCT plc (the "Company") announces that, further to the Dividend Reinvestment Scheme introduced by the Company (details of which were set out in the Circular issued to shareholders on 18 April 2008), the Company today allotted 62,951 ordinary shares of 50p each (the "New Ordinary Shares") and 49,447 C ordinary shares of 50p each (the "New C Ordinary Shares") in the capital of the Company.  The "New Ordinary Shares" were issued at a price of 95.3p and the "New C Shares" were issued at a price of 82.7p, comprising the net asset values at 31 October 2008 less the dividend of 8 pence per Ordinary share and 1.5 pence per C share declared on 4 December 2008.

Accordingly, application has been made to the UK Listing Authority for the admission of the New Ordinary Shares and the New C Ordinary Shares to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities and it is expected that dealings will commence 
on 31 December 2008. The New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares in issue and the New C Ordinary Shares will rank pari passu in all respects with the existing C ordinary shares in issue.

Following the issue of the New Ordinary Shares and the New C Ordinary Shares the Company will have 13,702,045 ordinary shares and 35,618,841 C ordinary shares in issue.

In conformity with the Transparency Directive's provisions we would like to notify the market of the following:

Close Technology & General VCT PLC's capital as at 30 December 2008 consisted of 13,702,045 ordinary 
shares and 35,618,841 C ordinary shares. Close Technology & General VCT PLC holds 730,637 Ordinary 
shares and 38,796 C shares in Treasury.

Therefore the total number of voting rights in Close Technology & General VCT PLC is 48,551,453.

The figure of 48,551,453 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Close Technology & General VCT PLC under the FSA's Disclosure and Transparency rules.

For further information, please contact:

Patrick Reeve

Close Ventures Limited

Tel: 020 7422 7830