Utilisation of over-allotment facility

31 March 2026

Pembroke VCT plc (the "Company")

(ISIN: GB00BQVC9S79)

Offer for Subscription - utilisation of over-allotment facility

On 9^th September 2025, the Company launched an offer for subscription (the "Offer") seeking to raise £40 million in aggregate for the 2025/26 tax year.

Following the successful launch, with applications received to date approaching £39 million, and considering the continuing level of demand, the Company's board of directors has resolved to utilise up to £5m the over-allotment facility of £20 million included in the Offer.  This increases the amount that can be raised under the Offer to £45 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-2025-26.pdf

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:

For further information, please contact:

Andrew Wolfson / Chris Lewis

Pembroke Investment Managers LLP (Manager)

+44 20 7766 6900

Ben Harber FCG (Company Secretary)

benh@woodhamcorpservices.com

Keith Lassman

Howard Kennedy Corporate Services LLP

keith.lassman@howardkennedy.com