Issue of Equity

THE INCOME & GROWTH VCT PLC - Issue of Equity

PR Newswire

London, April 8

The Company announces that on 5 April 2013 it allotted and issued 841,367 newOrdinary Shares of 1p each at a price of 112.60 pence per share.

Application will be made for the new Ordinary Shares to be admitted to theOfficial List of the UK Listing Authority and dealings are expected to commenceon 11 April 2013.

Following this allotment the issued share capital of the Company is 52,682,122Ordinary Shares.

These new shares in the Company have been issued subsequent to the linked offerfor subscription with Mobeus Income & Growth VCT plc and Mobeus Income & Growth4 VCT plc launched on 29 November 2012 ("the Offer"). Pursuant to the terms ofthe Offer, each of the three participating companies are offering a maximum of10 million shares and based on the latest published net asset values per shareof each Company, the maximum aggregate funds expected to be raised is £27million (£9 million per Company).

A total of £24.0 million has been raised to date under the Offer of which £8.0million has been raised for The Income & Growth VCT plc.

The Offer closed at 12.00 noon on 5 April 2013 for the 2012/13 tax year and will,subject to the discretion of the Directors of the three companies acting jointlyor the Offer being fully subscribed at an earlier date, remain open until 12.00noon on 30 April 2013 for the 2013/14 tax year.

For further information please contact:

Sarah Penfold at Mobeus Equity Partners LLP, Company Secretary, on 020 70247616.