PROVEN VCT PLC

Earnings Release • Nov 7, 2023

National Storage Mechanism | Additional information

PROVEN VCT PLC

Half-yearly report

For the six months ended 31 August 2023

ProVen VCT plc ("the Company") is pleased to announce its interim results for the six months ended 31 August 2023.

Financial Summary

	31 August 2023	31 August 2022	28 February 2023
Net asset value per share (“NAV”)	62.7p	67.6p	65.5p
Dividends paid per share since conversion/ consolidation*	82.75p	79.00p	80.75p
Total return (NAV plus dividends paid*)	145.45p	146.60p	146.25p
Net assets (£’000)	162,513	161,785	161,740

*Dividends paid represent dividends paid since the consolidation of 5p Ordinary Share into 10p Ordinary Shares on 30 October 2012. Prior to this date, the Company paid dividends totalling 113.95p on the 5p Ordinary Shares.

Dividend

The Board has declared an interim dividend of 1.5p per share which will be paid on 15 December 2023 to Shareholders on the register at 17 November 2023. The dividend represents a cash return of 2.4% on the opening NAV per share at 1 March 2023, adjusted for the August dividend of 2.0p per share. The payment of this interim dividend will result in an equivalent reduction in the Company’s NAV per share.

The Half Yearly Report can be downloaded from the following website: https://www.proveninvestments.co.uk/vct/shareholder-area.

A copy of the above document has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk//nsm/nationalstoragemechanism

For further information, please contact:

Beringea LLP

Company Secretary

Telephone 020 7845 7820