Replacement - Issue of Equity

Proven VCT plc
28 May 2010
Replacement - Issue of Equity

The  announcement released by the Company at 16:39 on 28 May 2010 entitled Issue
of  Equity as HUG1419879 contained errors in respect of the date that the Offers
for  Subscription opened and the nominal value  of the ordinary shares. The full
corrected version of the announcement is as follows:

The  Directors of Proven VCT plc announce an allotment on 28 May 2010 of 62,318
ordinary  shares of 5p each issued at a price of 56.1p per share pursuant to the
Offers for Subscription that opened on 16 November 2009.

Application for the 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.


[HUG#1419891]