Issue of Equity

ProVen VCT plc
3 April 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 2 April 2009, 615,569 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 included within the above allotment, are
summarised as follows:


Director              D shares issued on %  of class
                      2 April 2009

Malcolm Moss Director 3,165              0.09%


These allotments are in addition to the following shares already held
by the Director above:


                      Ordinary % of    C      % of class
                      Shares   class   Shares
Malcolm Moss Director Nil      0%      Nil    0%


The Offer for Subscription for the  2008/2009 tax year will close  at
12 noon on 4 April 2009.

The Offer for Subscription in respect of the 2009/2010 tax year  will
close on 29 May 2009  unless previously extended or fully  subscribed
earlier.

---END OF MESSAGE---




This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.