Circ re. auth. share capital

Proven VCT PLC
28 February 2005

ProVen VCT plc
28 February 2005

The Board of ProVen VCT plc have announced an EGM to be held at 39 Earlham
Street, London WC2H 9LT on Monday 21 March 2005 at 10.30 a.m. to shareholder
approval to increase the Company's authorised share capital and authority for
the Directors to allot of shares.  A circular has been sent to shareholders.

A copy of the circular is available for inspection at the UK Listing Authority's
Document Viewing Facility, which is situated at:
Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS
Tel: [phone]


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