Offers for Subscription

Proven VCT PLC
15 November 2006

ProVen VCT plc
15 November 2006
Offers for Subscription



ProVen VCT plc announces that it has published a Prospectus (comprising a
Securities Note, Registration Document and Summary) to raise up to £15m through
offers for subscription (the 'Offers').



The Offers opened on 14 November 2006 and are expected to close on 5 April 2007
in relation to the offer for subscription in respect of the 2006/2007 tax year
and on 31 May 2007 in relation to the offer for subscription in respect of the
2007/2008 tax year (or an earlier date on which fully subscribed). The Offers
are for up to 15,000,000 'C' Shares of 25 pence each, to be issued at a price of
£1.00 each.



Existing shareholders of ProVen VCT plc and ProVen Growth & Income VCT plc are
being offered the chance to reinvest the special dividends of 31p and 50p to be
paid by these companies respectively on 7 December 2006. Applications from such
shareholders received up to 5.00 p.m. on 28 November 2006 will be issued 4.5 per
cent. additional 'C' Shares. Other applications received up to 5.00 pm on 29
December 2006 will be issued 1 per cent. additional 'C' Shares.



To obtain a copy of the Securities Note private investors and Financial Advisers
should call the investment manager, Beringea, on 020 7845 7820 or 0845 686 0225.
A downloadable version of the Securities Note will be available from
www.provenvcts.com.



A copy of the Prospectus (comprising a Securities Note, Registration Document
and Summary) is available, free of charge, from the registered office of ProVen
VCT plc or from:



Beringea Limited
39 Earlham Street
London WC2H 9LT



The Prospectus and a circular to shareholders in connection with the Offers has
been submitted to the UKLA, and will shortly be available for inspection at the
UKLA's Document Viewing Facility, which is situated at:



Financial Services Authority
The North Colonnade
Canary Wharf
London E14 5NS



For further information please contact:

Jeff Cornish   Beringea Limited    020 7845 7820


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