Issue of Equity

ProVen VCT plc 29 May 2009 Issue of Equity The Directors announce that the Company has made the following allotment under the Linked Offer for Subscription made on 20 November 2008 ('the Offer'). On 29 May 2009, 303,306 D Shares of 1p each were allotted under the Offer at a price of £1 per share. Application for the new 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. The Offer for Subscription in respect of the 2009/2010 tax year will close on 30 October 2009 unless previously extended or fully subscribed earlier. ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.