For immediate release

1 May 2025

Maven Renovar VCT PLC

(formerly Amati AIM VCT plc)

Change of Manager, Change of Name and Board Change

Change of manager

The board of directors (the "Board") of Maven Renovar VCT PLC (formerly Amati AIM VCT plc) (the "Company") is pleased to confirm that, further to the announcement released on 16 April 2025, the appointment of Maven Capital Partners UK LLP ("Maven") to act as the Company's investment manager (and, subject to certain transitional arrangements agreed with the Company's outgoing administrator and company secretary, administrator and company secretary) became effective as of today, 1 May 2025.  Details of the terms of the investment management agreement under which Maven has been appointed were set out in the announcement released on 16 April 2025.

The Board is keen to provide the Company's shareholders ("Shareholders") with the opportunity to meet senior members of the Maven team and to hear their plans for the Company. The Board is therefore inviting Shareholders to a Meet the Manager event to be hosted by Maven on Thursday, 12 June 2025. Further information regarding the event, and details of how to register to attend, will be set out in a separate invitation to be sent to Shareholders alongside the Company's Notice of Annual General Meeting.

Change of name, ticker, website and contact details

The Company announces that, effective as of today, 1 May 2025, the Company has changed its name to "Maven Renovar VCT PLC". As a result of the change of name, the ticker or trading instrument display mnemonic (TIDM) for the Company's ordinary shares will also change from "AMAT" to "MRV".

The Company's ordinary shares are expected to trade under the new name and ticker/TIDM on the Main Market of the London Stock Exchange with effect from 8.00 a.m. on or around 6 May 2025.

The ISIN and SEDOL numbers for the Company's ordinary shares remain unchanged.

Effective today, the Company's website address and contact email address have changed to www.mavencp.com/renovarvct and [email protected], respectively. Shareholders can also contact the Chair directly by email to: [email protected].

Shareholders are unaffected by the change of name and existing share certificates should be retained and will remain valid.  Any new share certificates issued will bear the name Maven Renovar VCT PLC.

Board change

The Board is pleased to announce that Neeta Patel CBE has been appointed as a non-executive director of the Company with effect from today, 1 May 2025.

Neeta is currently a non-executive director of Allianz Technology Trust PLC and European Opportunities Trust PLC and was, until recently, a director of Albion Venture Capital Trust PLC.

Neeta's experience includes senior leadership roles at Legal & General Group PLC, ft.com (the Financial Times' website) and the British Council, the government's international education and cultural agency. More recently, she was the founding CEO of the Centre for Entrepreneurs, a board adviser at Tech London Advocates, a member of the advisory board at City University Ventures and an entrepreneur mentor-in-residence at London Business School. Neeta was awarded a CBE in the Queen's honours list in October 2020 for services to entrepreneurship and technology.

There is no further information required to be disclosed under UK Listing Rule 6.4.8 in relation to this appointment.

Shareholders will be asked to approve the election of Ms. Patel at the Company's Annual General Meeting to be held on 19 June 2025. Details will be set out in the Notice of Annual General Meeting.

Enquiries:

Fiona Wollocombe, Chair

Maven Renovar VCT PLC

Email: [email protected]

Douglas Armstrong

Dickson Minto Advisers

Financial Adviser to the Company

Telephone: 020 7649 6823

Legal Entity Identifier (LEI): 213800HAEDBBK9RWCD25