Net Asset Value(Replacement)

ProVen VCT plc
21 March 2008

Net Asset Value

The announcement entitled "Net Asset Value" released at 17:05 on 20
March 2008 as HUG1202828 referred to the Board of ProVen Growth &
Income VCT plc.  It should have referred to the Board of ProVen VCT
plc.

The full corrected text of the announcement is as follows:

Following a reduction in the valuation of one of the qualifying
investments held in the Ordinary share portfolio, the Board of ProVen
VCT plc announces a provisional Net Asset Value for the Ordinary
shares of 86.9p.  This is based on the Net Asset Value as at 31
January 2008, as adjusted by the reduction in the valuation of the
qualifying investment.

The Net Asset Value of the 'C' Shares is unaffected.

The valuation of the VCT for the year ending 29 February 2008 is
currently in progress and the draft unaudited Net Asset Value as at
29 February 2008 will be announced on around 31 March 2008.

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