Quester VCT 4 plc ("the Company")                       

The directors are pleased to announce that on 22 April 2005 the Company made an
allotment of 103,279 ordinary shares of 1p each in the Company at 65.3p per
share under the terms of the Company's dividend reinvestment scheme.

It is expected that dealings will commence on Thursday 28 April 2005.

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

22 April 2005

                                                     Announcement 22 Apr 05.doc



END
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