Pembroke VCT plc (the "Company")

Close of Offer to Further Applications

The Company announces that the Offer for Subscription for up to £40 million of B Ordinary Shares with an over-allotment facility for up to a further £20 million of B Ordinary Shares (the "Offer") will close at noon on Friday 28 April 2023 which is the deadline for receipt of applications and cleared funds.

The final allotment of shares under the Offer will be held on 28 April 2023.

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

+44 20 3755 5561

Seven Hills PR

Gary O'Sullivan

0781 790 3406

[email protected]