PROVEN VCT PLC - Capital/Financing Update 2023

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ProVen VCT plc

ProVen Growth and Income VCT plc

27 April 2023

Extension of 2023/2024 Offer

On 19 October 2022, ProVen VCT plc and ProVen Growth and Income VCT plc (the “Companies”) launched offers for subscription (the “Offer”) to raise up to £40.0 million by way of an issue of new ordinary shares ("New Ordinary Shares") in the Companies, with each of the Companies raising up to £20.0 million, together with an over-allotment facility of up to a further £40.0 million (being up to £20.0 million for each of the Companies). Full details of the Offer are contained in a prospectus (comprising a Securities Note, Registration Document and Summary (the “Prospectus")), which was published by the Companies on 19 October 2022.

The boards of each of the Companies are pleased to announce that the 2023/24 Offer for each of the Companies has been extended in accordance with the terms of the Offer until 28 July 2023 at 1pm BST (or such earlier date as the respective Offer is fully subscribed or as otherwise approved by the Boards).

For further information please contact:

Shane Elliott on 020 7845 7820

Beringea LLP

Company Secretary

Telephone 020 7845 7820