Portfolio Update/NAV

Proven VCT PLC
08 August 2006



PROVEN VCT PLC ('ProVen')
8 August 2006

Proven VCT portfolio company, Mergermarket Limited, has today signed a
conditional sale and purchase agreement to sell 100% of its issued share capital
to The Financial Times Group, a subsidiary of Pearson plc.

The terms agreed with The Financial Times Group value ProVen's investment at
approximately £6.0 million more than the valuation of Mergermarket included in
the accounts of ProVen for the year to 28 February 2006.  This equates to an
increase of c. 24.8p per ProVen share, based on the number of shares in issue at
28 February 2006.  The revised pro-forma net asset value per ProVen share at 28
February 2006, after adjusting only for the Mergermarket revaluation, is c.
136.1p and c. 132.6p per ProVen share after additionally adjusting for the
dividend paid on 14 July 2006.


                      This information is provided by RNS
            The company news service from the London Stock Exchange