Result of Tender Offer

ProVen Growth and Income VCT plc Results of "C" Share Tender Offer 7 July 2009 ProVen Growth and Income VCT plc ("the Company") announces that applications to tender 6,486,320 "C" Shares were received under the Tender Offer dated 9 June 2009. Subject to the passing of a special resolution to be proposed at the Annual General Meeting of the Company on 7 July 2009, the Company will acquire 5,079,999 "C" Shares at 75.35p per "C" Share. "C" Shareholders who tendered up to 20.438% of their holding of "C" Shares (the "Basic Entitlement") will have their application satisfied in full. "C" Shares tendered in excess of the Basic Entitlement will be scaled back such that tenders for approximately 68.5% of "C" Shares" in excess of the Basic Entitlement will be accepted. C" Shareholders will receive notification of the number of "C" Shares for which their tender was accepted, the cash proceeds from the Tender Offer and a new share certificate, or a credit to the appropriate CREST account, if applicable, for unsuccessfully tendered "C" Shares, in due course. ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.