Doc re. Offer for Subscriptn

Proven VCT PLC
17 February 2004

ProVen VCT Plc
17 February 2004

OFFER FOR SUBSCRIPTION

A copy of the above document has been submitted to the Financial Services
Authority and will shortly be available for inspection at the FSA's Document
Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London
EH14 5HS

For further information please contact:

Tony McGing, Downing Corporate Finance Limited, on 020 7416 7780


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