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VCT News

Beringea Appoints New Head of Retail Sales

3 September 2008 - London - Beringea, manager of the ProVen VCTs, is pleased to announce that it has appointed Shane Elliott as Head of Retail Sales. Shane will be heading up Beringea's Sales and Marketing department and will be responsible for raising funds for Beringea's ProVen VCTs.

Shane joins Beringea from the Noble Group where he was Head of Retail Sales for Noble Fund Managers. Prior to joining the Noble Group, Shane held a number of senior management positions at Abbey National, Teather & Greenwood and the Army. In addition to his degree and management qualifications, Shane also has an MBA.

Stuart Veale, Managing Director of Beringea commented: "I am delighted to announce this new appointment and welcome Shane onboard. This is an exciting time for Beringea as we prepare to launch our new VCT fundraising initiative this autumn. Shane's experience and expertise make him a valuable addition to the team."

About Beringea Ltd

Beringea Ltd. is an international private equity and investment banking firm with offices in London, Detroit, Los Angeles and Shanghai. Beringea is the manager of funds including Proven VCT, ProVen Growth & Income VCT, and Global Rights Fund II, amongst others.

Beringea launched its first VCT in 1996, making it one of the most experienced VCT managers in the UK. ProVen VCT and ProVen Growth & Income are the highest performing VCTs of their launch years, according to www.taxefficientreview.com. In 2006 the Association of Investment Companies named ProVen Growth & Income as its highest performing VCT member.

www.beringea.com / www.provenvcts.com

Beringea Ltd is authorised and regulated by the Financial Services Authority
FSA FRN: 138888


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