Issue of Equity

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

The  Directors of Proven Growth  and Income VCT plc  announce an allotment on 7
April 2010 of 53,876 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#1401383]