Extension of Closing Date

Pembroke VCT plc (the "Company")

Extension of Closing Date in respect of the Offer for Subscription for the 2016/2017 Tax Year

21 September 2016

The Company is seeking to raise up to £15 million by way of an offer for subscription for B Ordinary Shares in the Company ("Offer for Subscription"). Full details of the Offer for Subscription are contained in a prospectus issued by the Company on 29 October 2015 ("Prospectus") and the supplementary prospectus issued by the Company on 20 September 2016 ("Supplementary Prospectus").

In respect of the Offer for Subscription for the 2016/2017 tax year, in accordance with the terms and conditions of the Offer for Subscription, the directors of the Company have agreed to extend the final closing date from 30 September 2016 to 14 October 2016 (or such earlier date as the maximum subscription under the Offer for Subscription is reached). Valid applications for subscription will be accepted until 5pm on the final closing date.

Copies of the Prospectus and the Supplementary Prospectus are available to the public for viewing online at the National Storage Mechanism at the following web-site address: http://www.morningstar.co.uk/uk/NSM. They can also be viewed on the Company's website at www.pembrokevct.com.

For further information please contact:

Pembroke VCT plc

+44 20 7766 6900

Peter Dubens / Andrew Wolfson

Oakley Investment Managers LLP (Manager)

+44 20 7766 6900

Simon Male

The City Partnership (UK) Limited (Company Secretary)

+44 131 243 7215

Doreen Nic

Kin Capital Limited, Co-promoter to the Offer

+44 203 743 3100 / 203 743 3122

Richard Hoskins / Tom Hopkins