Net Asset Value(s)

Pembroke VCT plc (the "Company")

Net Asset Value per B Ordinary Share

The Company announces that the unaudited net asset value per B Ordinary Share as at 18 March 2020 is 111.00p per B Ordinary Share.

As of 18 March 2020, the VCT has raised £32.6m out of its £40m target for the B Ordinary Share class.

The last allotment will take place on Saturday 4 April 2020 in relation to the 2019/20 tax year for all applications and cleared funds received by 5pm on Friday 3 April 2020.

For further information, please contact:

Pembroke Investment Managers LLP (Manager)

020 7766 2836

Andrew Wolfson

The City Partnership (UK) Limited (Company Secretary)

0131 243 7215

Doreen Nic

Cornerstone Communications

+44 7917 080 365

Richard Acworth