Transaction in Own Shares

Proven VCT PLC
19 November 2004

ProVen VCT plc
19 November 2004

ProVen VCT plc announces that on 19 November 2004  the Company purchased 10,000
ordinary shares of 5p each for cancellation representing 0.04% of the issued
share capital at a price of 90.5p per share.

Following this transaction, the Company now has 22,630,587 shares in issue.


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