EKV Electra Kingswy

RNS Number:3380L
Electra Kingsway VCT PLC
31 October 2006

Electra Kingsway VCT plc

Proposed C share offers

Electra Kingsway VCT Plc (the "Company") is pleased to announce that it intends
to seek further funds for investment by means of two offers of C shares (the
"Offers").

As at 31 March 2006, the Company had net assets of approximately #21.6 million,
of which only #0.5 million was in cash.  The Company is, therefore, virtually
fully invested and is seeking to raise up to #20 million under the Offers for
further investment in the venture capital market.

The two Offers will comprise an offer for subscription of C shares in respect of
the 2006/07 tax year and an offer for subscription in respect of the 2007/08 tax
year.  The Offers are expected to be launched by the end of November 2006.

It is anticipated that the C share funds will be kept segregated from the
existing funds of the Company whilst they are being invested and that they will
not be amalgamated with the existing funds within six years of the close of the
Offers.  The Offers will be conditional upon shareholders passing the necessary
resolutions at an extraordinary general meeting of the Company and will be made
on the terms of the prospectus to be issued by the Company.

A circular will be issued to the Company's shareholders shortly containing
further details of the proposed C share issues and seeking authority at an
extraordinary general meeting of the Company to create and issue the C shares.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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