Extension of Offer Closing Date

Pembroke VCT plc ("the Company")

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

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").

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 closing date from 29 April 2016 to 30 September 2016 (or such earlier date as the maximum subscription under the Offer for Subscription is reached). 

A copy of the Prospectus is 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. It 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

FTI Consulting

+44 20 7831 3113

Edward Bridges

Oakley Investment Managers LLP (Manager)

+44 20 7766 6900

Simon Male

The City Partnership (UK) Limited (Company Secretary)

+44 131 243 7215

Doreen Nic