Transaction in Own Shares

Proven VCT PLC
29 November 2004

ProVen VCT plc
29 November 2004

ProVen VCT plc announces that on 26 November 2004  the Company purchased 11,900
ordinary shares of 5p each for cancellation representing 0.05% of the issued
share capital at a price of 90.5p per share.

Following this transaction, the Company now has 22,618,687 shares in issue.


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