Dividend Declaration

ProVen VCT plc
8 February 2008

Dividend declaration

Following  the  recent  successful   realisation  of  the   Company's
investment in Gyro International Limited, the Board of ProVen VCT plc
is pleased  to  announce a  capital  dividend of  2.5p  per  Ordinary
Share.  The dividend will be paid on 14 March 2008 to Shareholders on
the register at 22 February 2008.

The 'C' Share  pool did  not own  an interest  in Gyro  International
Limited and accordingly, no 'C'  Share dividend is being declared  at
this time.

Following the payment  of the  above dividend  a further  performance
incentive fee in respect of  the Ordinary Shares will become  payable
to the Investment Manager and Downing Corporate Finance Limited.  The
Company's Ordinary  Share  Net Asset  Value  as at  31  January  2008
adjusted for  the  payment of  the  performance incentive  fees  (but
before deduction  of  the dividend)  stands  at 107.2p  per  Ordinary
Share.

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