Transaction in Own Shares

Proven VCT PLC
14 July 2004

ProVen VCT plc
14 July 2004

ProVen VCT plc announces that on 13 July 2004 the Company purchased 3,000
ordinary shares of 5p each for cancellation representing 0.01% of the issued
share capital at a price of 88.5p per share.

Following this transaction the Company now has 22,808,387 shares in issue.


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