Issue of Equity

Proven Growth and Income VCT plc
22 March 2011
Issue of Equity

The  Directors of Proven Growth and Income  VCT plc announce an allotment on 22
March  2011 of 1,662,772 ordinary  shares of  1.6187p each issued  at a price of
90.6p per  share  pursuant  to  the  Offers  for Subscription that opened on 10
December 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.

The  Offers for Subscription  are expected to  remain open until 5 April 2011 in
respect  of the 2010/2011 tax year and  31 May 2011 in respect of the 2011/2012
tax year unless previously extended or fully subscribed earlier.






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Source: Proven Growth & Income VCT plc via Thomson Reuters ONE

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