PROVEN Upsizes Rights Offer

Proven Investments Limited (PROVEN) has advised that the Lead Brokers to the Offer have received applications in excess of the allotted US$19.66Mn for the Renounceable Rights Issue of 1 new ordinary share for every block of 3 ordinary shares held in Proven Investments Limited, as offered in the Prospectus dated March 12, 2015. The Board of Directors of Proven have therefore approved the upsizing of the shares made available for subscription, via the Conditional Offer described in the said Prospectus, and the extension of the closing date to April 17, 2015 to allow shareholders the ability to apply for additional shares over their original allotment, as contemplated by the Conditional Offer.