Interim Management Statement

GRESHAM HOUSE INCOME & GROWTH VCT PLC

("the Company")

LEI: 213800FPC15FNM74YD92

INTERIM MANAGEMENT STATEMENT

For the quarter ended 31 December 2025

Gresham House Income & Growth VCT plc presents an Interim Management Statement for the quarter ended 31 December 2025. The statement also includes relevant financial information between the end of the period and the date of this statement.

NET ASSET VALUE AND TOTAL RETURN PER SHARE

The Company's NAV per share decreased by 2.89 pence during the quarter. This decrease was principally due to a dividend payment of 2.50 pence per share paid on 30 October 2025 as well as a decrease in the unrealised valuation of the portfolio. Adjusting for the dividend payment, on a total return basis, the NAV per share decreased by 0.39 pence, or 0.6% during the quarter.

INVESTMENT ACTIVITY DURING THE PERIOD

New Investments during the period

On 29 December 2025, a new investment of £2.43 million was made into Tembo Money Limited, an FCA registered digital mortgage and savings platform.

Further investments during the period

On 31 December 2025, the Company completed a follow on investment of £2.35 million into Arkk Consulting Limited, a regulatory and tax reporting software provider.  

DIVIDENDS PAID DURING THE PERIOD

On 22 September 2025, an interim dividend of 2.50 pence per share in respect of the year ended 30 September 2025 was declared. This dividend was paid on 30 October 2025 to all Shareholders whose names were on the register on 3 October 2025.

DIVIDEND INVESTMENT SCHEME ("DIS")

Following the dividend paid in October, as detailed above, the Company subsequently allotted 1,903,374 new Ordinary Shares of 1.00 pence each under the Company's DIS at a price of 64.09 pence per share.

SHARE BUYBACK DURING THE PERIOD

On 8 October 2025, the Company purchased 3,659,447 of its own ordinary shares at a price of 60.89 pence per share. All shares bought back by the Company were subsequently cancelled.

INVESTMENT ACTIVITY AFTER THE PERIOD END

On 8 January 2026, a new investment of £3.00 million was made into Veremark Limited, a provider of background screening and verification checks.  

On 29 January 2026, the Company completed a follow on investment of £0.24 million into FocalPoint Positioning Limited, a GPS enhancement software provider.

On 5 February 2026, the Company completed a follow on investment of £0.49 million into Mobility Mojo UK Limited, a disability access assessment platform.

SHARE BUYBACK AFTER THE PERIOD END

On 30 January 2026, the Company purchased 3,460,906 of its own ordinary shares at a price of 61.07 pence per share. All shares bought back by the Company were subsequently cancelled.

OFFER FOR SUBSCRIPTION AND ISSUE OF PROSPECTUS

On 2 February 2026, the Company launched a Joint Offer for Subscription alongside Gresham House Income & Growth 2 VCT plc (GHV2) ("Offers"). Under the Offers each Company is seeking to raise up to £32.5 million, being an aggregate £65 million. Each Board will also have the option to utilise an over-allotment facility to raise up to a further £15 million each, being an aggregate of £30 million. For further details, please visit the Gresham House VCTs' websites.

DIVIDEND DECLARED AFTER THE PERIOD END

On 2 March 2026, an interim dividend of 2.50 pence per share in respect of the year ending 30 September 2026 was declared and will be paid on 10 April 2026 to Shareholders whose names were on the register on 13 March 2026. Payment of this interim dividend will reduce NAV per share (shown above) to 61.39 pence and increase cumulative dividends paid to 173.00 pence per share.

Shareholders can now register for the Dividend Investment Scheme ("DIS") which will allow Shareholders to receive additional shares in the Company by re-investing their total dividend payment into new shares at the latest published NAV.

See the Company's website https://greshamhouse.com/gresham-house-income-growth-vct-plc/ for further details.

The dividend declared above is eligible for the DIS. Elections to join the DIS must be received by City Partnership by 27 March 2026.

Please note that all of the above information is unaudited.

Other than as described above, there were no material events during the period and to the date of this announcement.

For further information, please contact:

Gresham House Asset Management Limited

Company Secretary

020 7382 0999