Interim Management Statement

Interim Management Statement

Maven Income and Growth VCT 2 PLC (the Company) - quarter ended 30 April 2012

This Interim Management Statement, for the quarter ended 30 April 2012, 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 2012 to the date of issue. This Statement has been prepared solely to provide 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)1 per Ordinary Share of 59.0p at 30 April 2012, compared to 58.8p at 31 January 2012;

·; NAV total return2 of 78.62p at 30 April 2012, compared to 78.42p at 31 January 2012; and

·; Final dividend of 1.5p per Ordinary Share approved for payment on 22 June 2012.

1The NAV is unaudited and reflects the closing bid price of quoted securities at 30 April 2012. Unlisted companies are normally valued on a six-monthly basis; the NAV incorporates the Directors' valuation of unlisted investments as at 31 January 2012, adjusted for subsequent events where appropriate.

2NAV total return is the sum of NAV and dividends paid per Ordinary Share since launch.

2. Investments and disposals

During the quarter ended 30 April 2012, a total of £1,049,000 was invested in five unlisted businesses, including the provision of support to three existing portfolio companies. In the same period, the sale of UK government securities realised cash proceeds of £495,000 and the full or partial disposal of holdings in five unlisted investments generated proceeds of £416,000 against a cost of £282,000.

3. Recent developments

Between 1 May 2012 and the date of this statement, £258,000 was invested in an unlisted company and a net investment of £255,000 was made in UK government securities. During the same period, the disposal of two holdings in unlisted companies generated aggregate proceeds of £356,000 against a total cost of £88,000.

Other than as 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 2012 to 30 April 2012, or in the period from 1 May 2012 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

19 June 2012