Offer for Subscription

Proven VCT PLC
04 April 2005

ProVen VCT plc ('the Company')

Offer for subscription of up to 2.4 million new ordinary shares



The Board is pleased to announce the opening of a further offer for subscription
of up to 2.4 million new ordinary shares in the Company ('the Offer') on 4 April
2005.  Investors can subscribe in either or both of the 2004/2005 and 2005/2006
tax years.


Further information on the Offer can be obtained from the Company at 39 Earlham
Street, London WC2H 9LT.


                      This information is provided by RNS
            The company news service from the London Stock Exchange