Transaction in Own Shares

Proven VCT PLC
05 August 2004

ProVen VCT plc
5 August 2004

ProVen VCT plc announces that on 5 August 2004  the Company purchased 47,500
ordinary shares of 5p each for cancellation representing 0.21% of the issued
share capital at a price of 88.5p per share.

Following this transaction, the Company now has 22,741,887 shares in issue.


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