Issue of Equity

ProVen Growth and Income VCT plc
30 October 2009

Issue of Equity

The Directors  announce  that  the Company  has  made  the  following
allotment under the Linked Offer for Subscription made on 20 November
2008 ('the Offer').

On 30 October 2009, 176,651 D  Shares of 1p each were allotted  under
the Offer at a price of £1 per share.

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.

The Offer for Subscription is now closed.

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