Replacement - Issue of Equity

Proven Growth and Income VCT plc
12 April 2010
Replacement - Issue of Equity

The  announcement released by  the Company at  10:11 am on 8 April 2010 entitled
Issue of Equity as HUG1401383 contained an error in respect of the date that the
Offers  for Subscription opened. The full  corrected version of the announcement
is as follows:

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
2009.

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#1402659]