Offer for subscription closing date

3 April 2020

Pembroke VCT plc

Offer for Subscription: Closing Date for New Applications

Further to the offer for subscription for B Ordinary Shares of Pembroke VCT plc (the "Company") that was launched on 2 September 2019 (the "Offer"), the board of directors of the Company announces that the Offer will close to new applications at 5.00pm on Monday 6 April 2020.

A copy of the Prospectus (including Application Form) is available, free of charge, from the registered office of the Company at 3 Cadogan Gate, London, SW1X 0AS.

The Prospectus has been submitted to the National Storage Mechanism and is available for viewing online at the following website:

http://www.morningstar.co.uk/uk/nsm

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

07917 080 365

Richard Acworth