Issue of Equity

Proven VCT PLC
31 May 2007



ProVen VCT plc

Issue of Equity


ProVen VCT plc announces that on 31 May 2007 689,615 'C' Shares of 25p each were
issued and allotted at a price of 100 pence per share under the Offers for
Subscription made by the Company dated 14 November 2006.

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.

Following this allotment on 31 May 2007 the Offer for Subscription has now been
closed.




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