PROVEN VCT PLC

Share Issue/Capital Change • Nov 21, 2017

National Storage Mechanism | Additional information

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**ProVen VCT plc

Issue of Equity**

21 November 2017

The Directors of ProVen VCT plc announce an allotment on 21 November 2017 of ordinary shares of 10p each ("Ordinary Shares") pursuant to the Offer for Subscription that opened on 20 October 2017. 3,209,077 Ordinary Shares were allotted at an average price of 98.3p, based on the latest announced net asset value of 94.8p per Ordinary Share.

Application for the 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 shortly.

Included within the allotment are allotments to Directors, including persons closely associated, as follows:

Person	Director/PDMR	Shares allotted	Issue price
Mr Andrew Davison	Director	10,311	97.0p
Mr Neal Ransome	Director	20,411	98.0p
Mr Malcolm Moss	Director	25,777	97.0p

These shares will rank pari passu with existing Ordinary Shares.

Following this issue, the total number of Ordinary Shares in issue is 101,868,661, which is also the total number of voting rights.

Beringea LLP

Company Secretary

Telephone 020 7845 7820

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*This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Proven VCT plc via Globenewswire*