Utilisation of Over-allotment Facility

7 March 2025

Pembroke VCT plc (the "Company")

(ISIN: GB00BQVC9S79)

Offer for Subscription - utilisation of over-allotment facility

On 9 September 2024, the Company launched an offer for subscription (the "Offer") seeking to raise £40 million in aggregate initially for the 2024/25 tax year.

Following the successful launch, with applications received to date approaching £40 million, and considering the continuing level of demand, the Company's board of directors has resolved to utilise in full the over-allotment facility of £20 million included in the Offer. This increases the amount that can be raised under the Offer to £60 million.

The Company has issued a prospectus relating to the Offer, a copy of which is available from the Company's website:

Pembroke VCT Prospectus 2024/25

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

https://data.fca.org.uk/#/nsm/nationalstoragemechanism

For further information, please contact:

Andrew Wolfson / Chris Lewis

Pembroke Investment Managers LLP (Manager)

+44 20 7766 6900

Robin Smeaton

The City Partnership (UK) Limited (Company Secretary)

[email protected]

Keith Lassman

Howard Kennedy Corporate Services LLP

[email protected]