Issue of Equity

Proven VCT PLC
04 April 2007

ProVen VCT plc

4 April 2007

Issue of Equity



ProVen VCT plc announces that on 4 April 2007 2,375,560 'C' Shares of 25p each
were issued and allotted at a price of 100 pence per share under the Offers for
Subscription made by the Company dated 14 November 2006.



10,300 'C' Shares were issued and allotted to Barry Dean, who is a non-executive
director and Chairman of the Company.



Application for the new shares to be admitted to the Official List of the UK
Listing Authority and to trading on the London Stock Exchange's market for
listed securities will be made at the earliest practical opportunity.


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