Issue of Equity

Proven Growth and Income VCT plc
5 April 2010
Issue of Equity

The  Directors of Proven Growth  and Income VCT plc  announce an allotment on 5
April  2010 of  148,619 ordinary  shares  of  1.6187p each  issued at a price of
79.5p per  share  pursuant  to  the  Offers  for Subscription that opened on 16
November 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.


[HUG#1400567]