Interim Management Statement

Interim Management Statement

Maven Income and Growth VCT 2 PLC (the Company) - quarter ended 30 April 2011

This Interim Management Statement, for the quarter ended 30 April 2011, 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 2011 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 57.3p at 30 April 2011; compared to 56.2p at 31 January 2011;

·; NAV total return2 of 73.9p; compared to 72.8p at 31 January 2011; and

·; Final dividend of 1.5p per Ordinary Share proposed for payment on 24 June 2011.

1The NAV is unaudited and reflects the closing bid price of quoted securities at 30 April 2011. Unlisted companies are normally valued on a six-monthly basis; the NAV incorporates the Directors' valuation of unlisted investments as at 31 January 2011, 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

Investments in seven unlisted or AIM/PLUS companies were completed during the quarter ended 30 April 2011, including the provision of support to four existing portfolio companies, and a total of £637,000 was invested.

In the same period, the full or partial disposal of six AIM/PLUS quoted investments generated proceeds of £142,000 against a cost of £456,000 and the realisation of three unlisted companies generated proceeds of £647,000 against a cost of £525,000.

3. Recent developments

Between 1 May 2011 and the date of this statement, an investment of £41,000 was made in an unlisted company. During the same post quarter-end period, the disposal of shares in three unlisted or AIM/PLUS quoted companies generated proceeds of £276,000 against a cost of £189,000. In addition, a loss of £350,000 was realised when Strategic Retail plc was struck off by the Registrar of Companies, but this did not affect the net asset value of the Company as this had already been recognised in full.

4. Linked VCT Offer

In respect of the second Linked VCT Offer, which closed on 5 April 2011 in respect of the 2010/11 tax year and on 29 April 2011 in respect of the 2011/12 tax year, a total of 1,244,988 new Ordinary Shares were allotted between 1 February and 3 May 2011 at a subscription price reflecting the most recent previously published NAV of the existing Ordinary Shares.

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 2011 to 30 April 2011, or in the period from 1 May 2011 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

6 June 2011