Issue of Equity

Maven Income and Growth VCT PLC

Offer for subscription of Ordinary Shares

The Directors of Maven Income and Growth VCT PLC are pleased to announce that, pursuant to the Maven Income and Growth VCT Linked Offer which opened on 26 January 2010, the Company has today issued and allotted 2,249,740 Ordinary Shares of 10p each, and that the number of Ordinary Shares in issue is now 37,226,723. The Offer Price at which the shares were issued and allotted was 61.3p per Ordinary Share.

The 2010/2011 offer will remain open until 30 April 2010.

Maven Capital Partners UK LLP

Secretary

1 April 2010