Interim Management Statement

ProVen VCT plc
Interim Management Statement
for the three months ended 31 May 2009


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 31 May  2009.
The statement also  includes relevant  financial information  between
the end of the period and the date of this statement.

Dividends declared in the period
On 9 June  2009, the  Company proposed  final dividends  of 1.0p  per
Ordinary Share and 1.0p per 'C' share in respect of the year ended 28
February 2009. These dividends were paid on 10 July 2009.

Performance
Ordinary Shares

                        31 May 28 Feb 31 Aug 29 Feb
                          2009   2009   2008   2008
                         Pence  Pence  Pence  Pence
Net Asset Value ("NAV")  58.10  57.70  77.60  88.50
Cumulative Dividends     92.45  92.45  77.95  74.20
Total Return *          150.55 150.15 155.55 162.70

* NAV plus cumulative dividends paid since launch of Company

 'C' Shares

                        31 May 28 Feb 31 Aug 29 Feb
                          2009   2009   2008   2008
                         Pence  Pence  Pence  Pence
Net Asset Value ("NAV")  76.30  75.60  81.00  89.60
Cumulative Dividends      3.75   3.75   2.75   1.00
Total Return *           80.05  79.35  83.75  90.60

* NAV plus cumulative dividends paid since launch of 'C' Share
fundraising

'D' Shares

                        31 May
                          2009
                         Pence
Net Asset Value ("NAV")   94.2



Quoted investments are  valued at  the closing  bid price  at 31  May
2009. Unquoted  investments are  valued  at fair  values  established
using the International Private Equity and Venture Capital  Valuation
Guidelines.

Investment portfolio summary at 31 May 2009

Ordinary Share Portfolio investments by value

                                            Cost   Valuation
                                           £'000       £'000
Venture capital investments
Espresso Group Limited                     1,640       4,242
SPC International Limited                  1,618       1,312
Eagle Rock Entertainment Group Limited       420         639
Ashford Colour Press Limited                 750         617
Saffron Media Group Limited                  480         490
Overtis Group Limited                        500         442
Campden Media Limited                        975         414
Donatantonio Limited                         582         346
Fjordnet Limited                             200         200
UBC Media plc*                             1,101         166
Pilat Media Global plc*                      173         130
Coolabi plc*                                 300          86
Baby Innovations S.A t/a Steribottle         604           -
ID Data Group plc*                           262           -
GB Industries Limited                      1,134           -
Isango! Limited                              400           -
Optima Data Intelligence Services Limited  1,169           -
Sports Holdings Limited                      147           -
                                          12,455       9,084

Liquidity funds                            4,190       4,190

Total                                     16,645      13,274


'C' Share Portfolio investments by value

                                  Cost   Valuation
                                 £'000       £'000
Venture capital investments
Path Group Limited               1,000       1,034
Fjordnet Limited                   800         800
Chess Technologies Limited         600         600
Charterhouse Leisure Limited       700         560
Donatantonio Limited               885         527
Overtis Group Limited              400         354
SPC International Limited          403         401
Heritage Partners Limited          900         247
Dianomi Limited                    126         157
Steak Media Limited                275         136
The Vending Corporation Limited  1,012           -
Breeze Tech Limited                175           -
Isango! Limited                    200           -
                                 7,476       4,816

Liquidity funds                  6,010       6,010

Total                           13,486      10,826

* Quoted on AIM


Investment additions
There have been no investment additions or disposals during the three
months ended 31 May 2009 or from 1 June 2009 to the date of this
announcement.

Changes to share capital

                            Ordinary
                              Shares       'C' Shares      'D' Shares
                               of 5p           of 25p           of 1p
                                each             each            each
                        Shares £'000     Shares £'000    Shares £'000
As at 1 March 2009  23,947,501 1,197 14,612,777 3,653         -     -
Shares issued                                         4,788,569    48
during 3 months to
31 May 2009                  -     -          -     -
As at 31 May 2009   23,947,501 1,197 14,612,777 3,653 4,788,569    48


As a result of a  Tender Offer by ProVen  Growth and Income VCT  plc,
Tender Offer proceeds  of £559,000  (which will  be paid  on 17  July
2009) were received  for investment  into the  ProVen VCT  plc/ProVen
Growth and  Income VCT  plc  D Share  Linked  Offer. Shares  will  be
allotted equally between the two VCTs in due course.

Material events
Other than described above, there were no material events during  the
period from 1 March 2009 to 31 May 2009 or in the period from 1  June
2009 to the date of this announcement.

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