Transaction in Own Shares

Proven VCT PLC
17 October 2006

ProVen VCT plc
17 October 2006

ProVen VCT plc announces that on 17 October 2006  the Company purchased 99,500
ordinary shares of 5p each for cancellation, representing 0.42% of the issued
share capital, at a price of 118.5p per share.

Following this transaction, the Company now has 23,646,018 ordinary shares in
issue.


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