Transaction in Own Shares

Proven VCT PLC
17 December 2004


ProVen VCT plc
17 December 2004

ProVen VCT plc announces that on 16 December 2004  the Company purchased 35,675
ordinary shares of 5p each for cancellation representing 0.16% of the issued
share capital at a price of 90.5p per share.

Following this transaction, the Company now has 22,583,012 shares in issue.


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