Circ re. Related Party Transactions

Proven Growth and Income VCT plc 5 September 2007 Proven Growth and Income VCT plc announces that it has today issued a circular to Shareholders convening an Extraordinary General Meeting ("EGM") to seek approval of related party transactions in connection with changes to the performance incentive fees arrangements. The EGM will take place on 4 October 2007 at 10am at 39 Earlham Street, London WC2H 9LT A copy of the above circular has been submitted to the UK Listing Authority and will be available for inspection at the UK Listing Authority's document viewing facility, which is situated at: Financial Services Authority 25 The North Colonnade London E14 5HS ---END OF MESSAGE---