Replacement - Issue of Equity

Proven Growth and Income VCT plc
12 April 2010
Replacement - Issue of Equity

The announcement released by the Company at 15:51 on 5 April 2010 entitled Issue
of  Equity as  HUG1400567 contained  an error  in respect  of the  date that the
Offers  for Subscription opened. The full  corrected version of the announcement
is as follows:

The  Directors of Proven Growth  and Income VCT plc  announce an allotment on 5
April  2010 of  148,619 ordinary  shares  of  1.6187p each  issued at a price of
79.5p per  share  pursuant  to  the  Offers  for Subscription that opened on 16
November 2009.

Application for the Shares to be admitted to the Official List of the UK Listing
Authority  and  to  trading  on  the  London  Stock Exchange's market for listed
securities will be made at the earliest practical opportunity.


[HUG#1402655]