Quester VCT 4 plc ("the Company")                       

The directors are pleased to announce that on 16 April 2003 the Company made an
allotment of 103,534 ordinary shares of 1p each in the Company under the terms
of the Company's dividend reinvestment scheme.

Mr APM Lamb has subscribed for 284 Ordinary Shares as part of this allotment
and following this his interest in the ordinary share capital will be 20,667
Ordinary Shares.

It is expected that dealings will commence on Wednesday 23 April 2003.

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

16 April 2003



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