Interim Management Statement

Maven Income and Growth VCT 2 PLC (the Company)

Interim Management Statement - Quarter ended 30 April 2010

This Interim Management Statement, for the quarter ended 30 April 2010, is provided in accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority and also includes relevant information in respect of the period from 1 May 2010 to the date of issue. This Statement has been prepared solely to provide additional information in order to meet the relevant requirements of the UK Listing Authority's Disclosure and Transparency Rules and should not be relied on by Shareholders, or any other party, for any other purpose.

1. Financial highlights

·; Net Asset Value (NAV)* of 53.9p at 30 April 2010; compared to 53.5p on 31 January 2010;

·; 1,943,442 Ordinary Shares issued under Linked VCT Offer;

·; 215,653 Ordinary Shares bought back for cancellation; and

·; final dividend of 1.5p per Ordinary Share to be paid on 25 June 2010.

\* The NAV is unaudited and reflects the closing bid price of quoted securities at 30 April 2010. Unlisted companies are normally valued on a six-monthly basis; the NAV incorporates the Directors' valuation of unlisted investments as at 31 January 2010, adjusted for subsequent events where appropriate.

2. Investments and disposals

One new unlisted investment was completed during the quarter ended 30 April 2010 and, including the provision of support to existing portfolio companies, a total of £304,000 was invested. In the same period, the disposal of two unlisted holdings and two AIM quoted investments generated aggregate proceeds of £388,000 against a cost of £462,000.

3. Recent developments

Between 30 April 2010 and the date of this statement, additional funding totalling £51,000 was provided to three unlisted investments.

During the same post quarter-end period: £2,000 was received in respect of deferred consideration from the previous disposal of an unlisted investment; the partial disposal of an AIM quoted investment generated proceeds of £67,000 against a cost of £20,000; and proceeds of £500,000 were received on the redemption of UK treasury stock.

4. VAT recovery

The Company has received £217,019 from Aberdeen Asset Management PLC in respect of the recovery of VAT charged on investment management fees between 1 October 2005 and 1 October 2008. As these proceeds were not received until 8 June 2010, this amount had not been accrued as at 30 April 2010 but would have the effect of increasing the NAV per share by 0.9p.

Other than described above and the impact of movements related to the prices of shares in quoted securities, the Board is not aware of any material events during the period from 1 February 2010 to 30 April 2010, or in the period from 1 May 2010 to the date of this announcement, which would have had a material impact on the financial position of the Company.

Issued on behalf of the Board

Maven Capital Partners UK LLP

Secretary

9 June 2010