Interim Management Statement

ProVen VCT plc
Interim Management Statement
for the three months ended 30 November 2007


In accordance with Rule 4.3 of the Disclosure and Transparency  Rules
of the  UK Listing  Authority,  ProVen VCT  plc presents  an  Interim
Management Statement for  the three  month period  ended 30  November
2007.   The statement  also includes  relevant financial  information
between the end of the period and the date of this statement.

Dividends paid or declared in the period

No dividends were paid or declared in the period.

On 6 December 2007, the Company  paid an interim capital dividend  of
6.0p per Ordinary Share and an  interim revenue dividend of 1.0p  per
'C' Share in respect  of the six months  ended 31 August 2007.  These
dividends were paid to Ordinary and 'C' Shareholders on the  register
at 16 November 2007.

As a  result of  the dividends  paid in  the period,  a provision  of
£199,000  has  been  made  in  the  Company's  Ordinary  Share   Pool
(equivalent to 0.9p per Ordinary Share) for fees payable to  Beringea
Limited and Downing Corporate Finance Limited under the terms of  the
performance incentive fee agreements.


Performance
Ordinary shares

                    30 November 31 August 28 February     31       28
                           2007      2007        2007 August February
                                                        2006     2006
                          Pence     Pence       Pence  Pence    Pence
Net Asset Value           113.5      96.6       108.3  133.9    111.3
("NAV")
Cumulative                 68.2      68.2        53.2   22.2     18.7
Dividends
Total Return *            181.7     164.8       161.5  156.1    130.0

* NAV plus cumulative dividends paid since launch

After payment  of  the dividend  and  provision for  the  performance
incentive fees described above the  NAV per Ordinary Share (based  on
30 November 2007 investment  valuations) stood at 106.6p,  Cumulative
Dividends at 74.2p and Total Return at 180.8p.


'C' Shares

                 30 November 31 August 28 February 31 August       28
                        2007      2007        2007      2006 February
                                                                 2006
                       Pence     Pence       Pence     Pence    Pence
Net Asset Value         90.8      95.6         N/A       N/A      N/A
("NAV")
Cumulative                 -         -         N/A       N/A      N/A
Dividends
Total Return *          90.8      95.6         N/A       N/A      N/A

* NAV plus cumulative dividends paid since launch

After payment of the dividend described  above the NAV per 'C'  Share
(based on 30  November 2007  investment valuations)  stood at  89.8p,
Cumulative Dividends at 1.0p and Total Return at 90.8p.

Quoted investments are valued at the closing bid price at 30 November
2007. Unquoted  investments are  valued  at fair  values  established
using the International Private Equity and Venture Capital  Valuation
Guidelines.

Investment portfolio summary at 30 November 2007
Ordinary Share Portfolio investments

                                                            Valuation
                                                             movement
                                                                since
                                                            31 August
                                         Cost   Valuation        2007
                                        £'000       £'000       £'000
Top ten venture capital investments
(by value)
Espresso Broadband Limited              2,048      10,389       4,048
ILG Digital Limited                     1,345       3,153       (121)
Campden Media Ltd                         975       1,031       (156)
Ashford Colour Press Limited              875         904         177
Optima Data Intelligence Services
Limited                                   900         900           -
SPC International Limited               1,146         846        (56)
Gyro International Limited                652         830          43
Saffron Media Group Limited (formerly
- Harmony Media Group Limited)            480         480           -
Eagle Rock Entertainment Group Ltd        420         420           -
UBC Media plc *                         1,101         373           -
                                        9,942      19,326       3,935

Other venture capital investments       4,116         746        (24)

Liquidity funds                         3,350       3,350           -

Total                                  17,408      23,422       3,911


'C' Share Portfolio investments by value

                                                 Valuation
                                                  movement
                                                     since
                                                 31 August
                              Cost   Valuation        2007
                             £'000       £'000       £'000
Venture capital investments
Heritage Partners Ltd          650         650           -
Charterhouse Leisure Ltd       371         371           -
Steak Media Ltd                275         275           -
The Vending Corporation      1,000         218       (782)
Dianomi Limited                126         126           -

                             2,422       1,640       (782)

Liquidity funds             10,350      10,350           -

Total                       12,722      11,990       (782)


* Quoted on AIM
Investment additions during the 3 months ended 30 November 2007


                          Cost
                         £'000

Ordinary Share Portfolio
Coolabi plc                 39



After  the  period  end  the  Company  made  the  following   further
additions:


                                 Cost
                                £'000

Ordinary Share Portfolio
Donatantonio Limited              575

'C' Share Portfolio
Donatantonio Limited              875
The Vending Corporation Limited    16
Heritage Partners Ltd             150
                                1,041



Investment disposals during the 3 months ended 30 November 2007

                                Market
                              value at           Gain/(loss)    Total
                           1 September  Disposal     against realised
                    Cost          2007  proceeds        cost     gain
                   £'000         £'000     £'000       £'000    £'000
Ashford Colour
Press Limited        125           125       125           -        -



After the period end the Company made the following disposals:


                                                Gain/(loss)  against
                              Disposal proceeds                 cost
                         Cost
                        £'000             £'000                £'000
Sports Holdings Limited   800               279                (521)



Changes to share capital

                                    Ordinary                'C'
                                      Shares             Shares
                                       of 5p             of 25p
                                        each               each
                                      Shares £'000       Shares £'000
As at 1 September 2007 and 30
November 2007                     23,187,968 1,159   14,620,454 3,655


There have been no changes to share capital since the period end.

Material events
Other than described above, there were no material events during  the
period from 1  September 2007 to  30 November 2007  or in the  period
from 1 December 2007 to the date of this announcement.

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