Proven Growth & Income VCT plc : Statement re Offer for Subscription

ProVen Growth and Income VCT plc (the "Company")

New Offer for Subscription (the "Offer")

2 August 2016

The Company is pleased to announce its intention to launch an Offer for Subscription to raise up to £30 million with an over-allotment facility of up to a further £10 million, in the near future.

A Prospectus with full details of the proposed Offer will be published in due course.

For further information please contact:

Beringea LLP

Company Secretary

Telephone 020 7845 7820

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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 Growth & Income VCT plc via GlobeNewswire