Pembroke Vct Regulatory News (PEMB)

Pembroke VCT plc (the "Company")

Director changes

The Board of the Company is pleased to announce the appointment of David Till as a non-executive director of the Company with effect from 28 August 2018.

David Till co-founded the Oakley Capital Group in 2002 with Peter Dubens. David plays a key role within the group and has overall responsibility for operations, finance, due diligence, compliance and fund formation. Oakley Capital Private Equity invests in and supports the continued growth and development of some of Europe's leading companies and seeks to build long-term relationships with talented entrepreneurial founders and managers. Over the past ten years Oakley has built expertise in three core sectors: TMT, Digital Consumer and Education, and has strong credentials and networks in these areas. Oakley Capital comprises three mid-market private equity funds comprising Fund I (€288 million), Fund II (€524 million) and Fund III which closed at €800 million in September 2017. The Funds generate strong returns for their limited partners as well as Oakley Capital Investments Limited, an AIM listed investment vehicle that invests in Oakley's private equity funds.

David holds a BA (Hons) in Economics from Essex University. He started his career in the British Army, then later qualified as a chartered accountant with Coopers & Lybrand, worked in industry as a finance director before returning to the profession holding senior M&A roles.

The Board also announces that Peter Dubens retires as a director of the Company on 28 August 2018.

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

Pembroke VCT plc

www.pembrokevct.com

or contact:

Pembroke VCT plc or Oakley Investment Managers LLP (Manager)

+44 20 7766 6900

Andrew Wolfson/Tamara Warren

Cornerstone Communications

+44 7917 080 365

Richard Acworth

The City Partnership (UK) Limited (Company Secretary)

+44 131 510 7465

Doreen Nic