Interim Management Statement

ProVen VCT plc
Interim Management Statement
for the three months ended 30 November 2008

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
2008.  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

On 31 October 2008, the Company  paid an interim capital dividend  of
13.5p per Ordinary Share  and interim revenue  dividends of 1.0p  per
Ordinary Share and 1.0p per 'C' Share in respect of the year ended 28
February 2009.

As a  result of  the dividends  paid in  the period,  a provision  of
£650,000  has  been  made  in  the  Company's  Ordinary  Share   Pool
(equivalent to 2.7p 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 Nov 31 Aug 29 Feb
                          2008   2008   2008
                         Pence  Pence  Pence
Net Asset Value ("NAV")  58.70  77.60  88.50
Cumulative Dividends     92.45  77.95  74.20
Total Return *          151.15 155.55 162.70

* NAV plus cumulative dividends paid since launch of the Company

'C' Shares

                        30 Nov 31 Aug 29 Feb
                          2008   2008   2008
                         Pence  Pence  Pence
Net Asset Value ("NAV")  78.20  81.00  89.60
Cumulative Dividends      3.75   2.75   1.00
Total Return *           81.95  83.75  90.60

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

Quoted investments are valued at the closing bid price at 30 November
2008. Unquoted  investments are  valued  at fair  values  established
using the International Private Equity and Venture Capital  Valuation
Guidelines.

Investment portfolio summary at 30 November 2008
Ordinary Share Portfolio investments

                                                     Cost   Valuation
                                                    £'000       £'000
Top ten venture capital investments (by value)
Espresso Broadband Limited                          1,998       4,480
SPC International Limited                           1,619       1,337
Ashford Colour Press Limited                          750         614
Optima Data Intelligence Services Limited           1,169         576
Eagle Rock Entertainment Group Limited                420         539
Overtis Group Limited (formerly - Optic Vision
Limited)                                              500         500
Saffron Media Group Limited                           480         480
Campden Media Limited                                 975         414
Isango! Limited                                       400         266
Donatantonio Limited                                  582         180
                                                    8,893       9,386

Other venture capital investments                   3,721         348

Liquidity funds                                     4,190       4,190

Total                                              16,804      13,924


'C' Share Portfolio investments (by value )

                                                     Cost   Valuation
                                                    £'000       £'000
Venture capital investments
Path Group Limited                                  1,000       1,000
Chess Technologies Limited                            600         600
Charterhouse Leisure Ltd                              535         537
SPC International Limited                             403         402
Overtis Group Limited (formerly - Optic Vision
Limited)                                              400         400
Heritage Partners Limited                             900         329
Donatantonio Limited                                  885         274
Breeze Tech Limited                                   175         175
Dianomi Limited                                       126         157
Steak Media Limited                                   275         136
Isango! Limited                                       200         133
The Vending Corporation Limited                     1,012           -
                                                    6,511       4,143

Liquidity funds                                     7,060       7,060

Total                                              13,571      11,203


Investment additions during the 3 months ended 30 November 2008


                                           Cost
                                          £'000
Ordinary Share Portfolio
Optima Data Intelligence Services Limited   269



From 1 December 2008  to the date of  this announcement, the  Company
made the following further addition:


                          Cost
                         £'000

Ordinary Share Portfolio
Fjordnet Limited           100

'C' Share Portfolio
Fjordnet Limited           400




Investment disposals during the 3 months ended 30 November 2008

                                Market
                              value at           Gain/(loss)    Total
                                 1 Sep  Disposal     against realised
                        Cost      2008  proceeds        cost     gain
                       £'000     £'000     £'000       £'000    £'000
Ordinary Share Portfolio
Loan stock redemptions
Ashford Colour Press
Limited                  125       125       125           -        -
Espresso Group Limited    49        49       164         115      115
                         174       174       289         115      115

'C' Share Portfolio
The Vending
Corporation Limited        5         -         5           -        5




Changes to share capital

                                   Ordinary                'C'
                                     Shares             Shares
                                      of 5p             of 25p
                                       each               each
                                     Shares £'000       Shares £'000
As at 1 September 2008           24,161,446 1,208   14,617,777 3,654
Shares bought back and cancelled   (68,750)   (3)            -     -
As at 30 November 2008           24,092,696 1,205   14,617,777 3,654


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

Material events
On 20 November 2008, the Company  and ProVen Growth & Income VCT  plc
announced that they had published a joint prospectus to raise up  to,
in aggregate, £20  million through a  linked offer for  subscription.
The offer for subscription will be in a new class of shares and  will
be for up to,  in aggregate, 20,000,000 D  ordinary shares of  1pence
each, to be issued at a price of £1 each and divided equally  between
the Company and ProVen Growth & Income VCT plc.

Other than  this  and the  matters  described above,  there  were  no
material events  during  the  period  from 1  September  2008  to  30
November 2008 or in the  period from 1 December  2008 to the date  of
this announcement.

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