Transaction in Own Shares

Proven VCT PLC
09 November 2004

ProVen VCT plc
9 November 2004

ProVen VCT plc announces that on 5 November 2004  the Company purchased 96,300
ordinary shares of 5p each for cancellation representing 0.42% of the issued
share capital at a price of 90.5p per share.

Following this transaction, the Company now has 22,640,587 shares in issue.


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