Half-year Report

Pembroke VCT plc (the "Company")

Half-Yearly Report for the six months ended 30 September 2016

The Directors are pleased to attach the Company's half-yearly report for the six months ended 30 September 2016.

Click on, or paste the following link into your web browser, to view the associated PDF document.

http://www.rns-pdf.londonstockexchange.com/rns/3867O_-2016-11-4.pdf

The half-yearly report for the six months ended 30 September 2016 may also be downloaded from the Company's website at www.pembrokevct.com.

For further details about the Company please either visit the Company's website,

Pembroke VCT plc

www.pembrokevct.com,

or contact:

Oakley Investment Managers LLP (Manager)

+44 20 7766 6900

Peter Dubens / Andrew Wolfson

The City Partnership (UK) Limited (Company Secretary)

0131 243 7210

Doreen Nic