Offer for Subscription - Ordinary Share top-up

ProVen VCT plc (the "Company")

19 January 2011

Offer for Subscription - Ordinary Share top-up

ProVen  VCT plc announces that it has published an Offer Document, relating to a
top-up  Offer for Subscription in the Ordinary Shares of the Company.  The Offer
is for a maximum amount to be raised for the Company of £1,370,000.

Existing   ordinary   shareholders   of  the  Company  will  have  priority  for
subscriptions until 11 February 2011.

The  Offer is expected to close at  5pm on 5 April 2011 in relation to the offer
for  subscription in  respect of  the 2010/2011 tax  year and  on 31 May 2011 in
relation  to the offer for subscription in respect of the 2011/2012 tax year (or
an earlier date if fully subscribed).

To obtain a copy of the Offer Document, investors should contact their financial
adviser  or  call  the  investment  manager,  Beringea  LLP, on 0845 686 0225. A
downloadable   version   of  the  Offer  Document  will  also  be  available  on
www.provenvcts.co.uk.

For further information please contact:

Shane Elliott or Anna Blacklock

Beringea LLP     0845 686 0225






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Source: Proven VCT plc via Thomson Reuters ONE

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