Offer for Subscription

ProVen Growth and Income VCT plc
10 December 2010
Offer for Subscription

ProVen Growth and Income VCT plc ("the Company") announces that it has published
a  Prospectus (comprising a Securities  Note, Registration Document and Summary)
to raise up to £15m through and offer for subscription (the "Offer").

The  Offer will open on  10 December 2010 and is expected  to close at 5pm on 5
April  2011 in respect  of the  2010/2011 tax year  and at 5pm on 31 May 2011 in
respect   of  the  2011/2012 tax  year  (or  an  earlier  date  on  which  fully
subscribed).  The Offer is for up  to 15,000,000 Ordinary shares of 1.6187 pence
each  ("Shares"), to be issued  at the Offer Price  as determined by the Pricing
Formula.

Investors  whose application is received  before 5.00 pm on 31 January 2011 will
be able to invest at a 1% discount to the Offer Price.

To  obtain  a  copy  of  the  Securities  Note,  private investors and financial
advisers   should   call   Beringea  LLP  on  0845 686 0225 or  0207 845 7820. A
downloadable  version  of  the  Securities  Note  will  also  be  available from
www.provenvcts.com.

A  copy of the  Prospectus (comprising a  Securities Note, Registration Document
and  Summary) is available,  free of charge,  from the registered  office of the
Company or from:

Beringea LLP
39 Earlham Street
London WC2H 9LT

A  copy of the Prospectus  has been submitted to  the National Storage Mechanism
and  is available  to the  public for  viewing online  at the  following website
address: 

http://www.hemscott.com/nsm.do








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

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