Issue of Equity

ProVen VCT plc
27 March 2009

Issue of Equity

The Directors  announce  that  the Company  has  made  the  following
allotment under the Linked Offer for Subscription made on 20 November
2008 ('the Offer').

On 26 March 2009, 2,285,453 D  Shares of 1p each were allotted  under
the Offer at a price of £1 per share.

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.

D Shares issued to  Directors (and connected persons)/PDMRs  included
within the above allotment, are summarised as follows:


Director                D shares issued on %  of class
                        26 March 2009

Andrew Davison Director 2,637              0.12%
Trevor Hope    PDMR     3,165              0.14%
Stuart Veale   PDMR     3,165              0.14%


These allotments are in addition to the following shares already held
by the Directors/PDMRs above:


                        Ordinary % of    C      % of class
                        Shares   class   Shares
Andrew Davison Director 8,948    0.04%   9,335  0.06%
Trevor Hope    PDMR     20,575   0.09%   8,240  0.06%
Stuart Veale   PDMR     23,809   0.10%   5,150  0.04%

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