Issue of Equity

The Income & Growth VCT plc(the "Company") 31 March 2014 Issue of Equity The Company announces that on 31 March 2014 it allotted and issued 1,986,000new Ordinary Shares of 1 penny each. These new shares in the Company have beenissued subsequent to the linked offer for subscription with Mobeus Income &Growth VCT plc, Mobeus Income & Growth 2 VCT plc and Mobeus Income & Growth 4VCT plc launched on 28 November 2013 to raise up to £34 million ("the Offer").In accordance with the allotment formula set out in the prospectus for theOffer, the new Ordinary Shares were issued at prices of between 114.473 and120.120 pence per share, depending on the adviser charge (if applicable) andthe number of shares issued (after taking roundings into account) pertaining toeach application. 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 4 April 2014. Following this allotment, the issued share capital of the Company is 57,928,126Ordinary Shares of 1 penny each. A total of £26.08 million has been raised to date under the Offer, of which £6.52 million has been raised for The Income & Growth VCT plc. For further information please contact:

Sarah Penfold at Mobeus Equity Partners LLP, Company Secretary, on 020 7024 7616.