Result of AGM

ProVen Growth & Income VCT plc
25 August 2011

At  the Annual  General Meeting  of ProVen  Growth &  Income VCT plc held on 24
August  2011, all resolutions  were passed.  However, resolution 4 was withdrawn
following  the decision by Nicholas Lewis not  to seek re-election as a director
of  the Company. Nick has decided to step  down from the Board to focus his time
further on his growing business interests elsewhere.

The  Chairman, Marc Vlessing, commented "Nick has been a director of the Company
since  its launch  in 2001. In  that time,  he has  made a considerable and much
valued  contribution to the success of the Company and my fellow directors and I
wish him well in his other ventures."

The  Company also announced the appointment  of Natasha Christie-Miller as a new
non-executive  director with immediate effect.  Marc Vlessing added "Natasha has
an  extensive background in the media sector and hands-on operational experience
which  will bring a welcome additional dynamic  to the Board. We welcome Natasha
to the Board and look forward to working with her."

The  Company confirms that there are  no further disclosures required in respect
of Natasha's appointment under Listing Rule 9.6.13.

Details  of the proxy votes  in respect of the  resolutions passed at the Annual
General  Meeting received  as at  2.30pm on 22 August  2011, 48 hours before the
time of the meeting (excluding weekends), at Downing Management Services Limited
are outlined in Appendix 1.

A  copy of  the resolutions  passed will  be submitted  to the  National Storage
Mechanism    and    will    shortly    be    available    for    inspection   at
www.hemscott.com/nsm.do.

                                   Appendix 1

+--------------+----------+-------------+----------+--------+----------+
|              |   For    |Discretionary| Against  |Withheld|          |
+--------------+----------+-------------+----------+--------+----------+
|Resolution No.|  No. of  |   No. of    |  No. of  | No. of |  Total   |
|              |  Votes   |    Votes    |  Votes   | Votes  |  Votes   |
|              |          |             |          |        |          |
|              |% of votes| % of votes  |% of votes|        |% of votes|
+--------------+----------+-------------+----------+--------+----------+
|      1       |1,133,670 |   91,268    |  26,092  |   -    |1,251,030 |
|              |          |             |          |        |          |
|              |  90.62%  |    7.30%    |  2.09%   |        |  100.0%  |
+--------------+----------+-------------+----------+--------+----------+
|      2       | 990,257  |   98,260    | 131,832  | 30,681 |1,220,349 |
|              |          |             |          |        |          |
|              |  81.15%  |    8.05%    |  10.80%  |        |  100.0%  |
+--------------+----------+-------------+----------+--------+----------+
|      3       |1,107,348 |   88,687    |  44,290  | 10,705 |1,240,325 |
|              |          |             |          |        |          |
|              |  89.28%  |    7.15%    |  3.57%   |        |  100.0%  |
+--------------+----------+-------------+----------+--------+----------+
|      4       |1,054,386 |   88,687    |  65,936  | 42,021 |1,209,009 |
|              |          |             |          |        |          |
|              |  87.21%  |    7.34%    |  5.45%   |        |  100.0%  |
+--------------+----------+-------------+----------+--------+----------+
|      5       |1,086,524 |   88,687    |  36,391  | 39,428 |1,211,602 |
|              |          |             |          |        |          |
|              |  89.68%  |    7.32%    |  3.00%   |        |  100.0%  |
+--------------+----------+-------------+----------+--------+----------+
|      6       |1,084,405 |   90,238    |  36,959  | 39,428 |1,211,602 |
|              |          |             |          |        |          |
|              |  89.50%  |    7.45%    |  3.05%   |        |  100.0%  |
+--------------+----------+-------------+----------+--------+----------+
|      7       |1,056,319 |   91,280    |  62,981  | 40,450 |1,210,580 |
|              |          |             |          |        |          |
|              |  87.26%  |    7.54%    |  5.20%   |        |  100.0%  |
+--------------+----------+-------------+----------+--------+----------+
|      8       | 919,448  |   105,600   | 118,129  |107,853 |1,143,177 |
|              |          |             |          |        |          |
|              |  80.43%  |    9.24%    |  10.33%  |        |  100.0%  |
+--------------+----------+-------------+----------+--------+----------+
|      9       |1,109,652 |   78,043    |  63,335  |   -    |1,251,030 |
|              |          |             |          |        |          |
|              |  88.70%  |    6.24%    |  5.06%   |        |  100.0%  |
+--------------+----------+-------------+----------+--------+----------+
|      10      |1,002,389 |   132,589   |  52,940  | 63,112 |1,187,918 |
|              |          |             |          |        |          |
|              |  84.38%  |   11.16%    |  4.46%   |        |  100.0%  |
+--------------+----------+-------------+----------+--------+----------+







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

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