Issue of Equity

Proven VCT plc
5 April 2010
Issue of Equity

The  Directors  of  Proven  VCT  plc  announce  an  allotment on 1 April 2010 of
1,804,420 ordinary  shares  of  1p each  issued  at  a  price of 56.1p per share
pursuant to the Offers for Subscription that opened on 16 November 2010.

Application for the 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.



[HUG#1400553]