Issue of Equity

ProVen VCT plc
7 April 2008

Issue of Equity

The Directors  announce  that  the Company  has  made  the  following
allotment under the Offer for  Subscription made on 11 February  2008
("the Offer") in accordance with the  pricing formula set out in  the
information memorandum.

On 4 April 2008, 1,223,572 Ordinary  Shares of 5p each were  allotted
under the Offer at a price of approximately 90.48p per share.

Application for the new shares to be admitted to the Official List of
the  UK  Listing  Authority  and  to  trading  on  the  London  Stock
Exchange's market for listed securities will be made at the  earliest
practical opportunity.

Ordinary shares  issued  to  Directors (and  connected  persons)  and
members of  Management  included  within  the  above  allotment,  are
summarised as follows:


                                 Number Total holding      Total %
                        Ordinary Shares   of Ordinary   holding of
                              issued on  and C Shares Ordinary and
                           4 April 2008                   C Shares

Andrew Davison Director           4,520        18,283        0.05%
Nicholas Lewis Director          11,356        21,356        0.05%

Trevor Hope    PDMR              11,052        28,815        0.07%

Total                            26,928




The Offer for Subscription in respect of the 2007/08 tax year is now
closed. An allotment of shares in respect of the 2008/09 tax year
will take place on 7 April 2008.

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