Transaction in Own Shares

Proven VCT PLC
08 September 2004


ProVen VCT plc
8 September 2004

ProVen VCT plc announces that on 27 August 2004  the Company purchased 5,000
ordinary shares of 5p each for cancellation representing 0.02% of the issued
share capital at a price of 88.5p per share.

Following this transaction, the Company now has 22,736,887 shares in issue.


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