Intention to launch top up offer

Pembroke VCT plc (the "Company")

Intention to launch a Top Up Offer

The Directors of the Company announce they intend to launch a top up offer in February 2014 ("the Offer"). This follows the very successful introductory open offer which closed on 31 January 2014 and which raised £16.5 million. Full details of the Offer will be contained in the top up offer document that is expected to be published shortly.

For further information please contact:

Pembroke VCT plc

+44 20 7766 6900

Peter Dubens / Andrew Wolfson

FTI Consulting

+44 20 7831 3113

Edward Bridges

Palmer Capital LLP (Promoter)

+44 20 7766 6900

Georgina Cadbury

The City Partnership (UK) Limited (Company Secretary)

+44 131 243 7215

Doreen Nic