Issue of Equity

Mobeus Income & Growth 2 VCT plc (the "Company") 12 February 2014 Issue of Equity The Company announces that on 11 February 2014 it allotted and issued 1,962,756new Ordinary Shares of 1 penny each. These new shares in the Company have beenissued subsequent to the linked offer for subscription with The Income & GrowthVCT plc, Mobeus Income & Growth VCT plc and Mobeus Income & Growth 4 VCT plclaunched on 28 November 2013 to raise up to £24 million ("the Offer"). Inaccordance with the allotment formula set out in the prospectus for the Offer,the new Ordinary Shares were issued at prices of between 117.83005 and123.57885 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 17 February 2014. Following this allotment, the issued share capital of the Company is 26,384,174Ordinary Shares of 1 penny each. A total of £14.4 million has been raised to date under the Offer, of which £3.6million has been raised for Mobeus Income & Growth 2 VCT plc. For further information please contact: Jonathan McGuire at Mobeus Equity Partners LLP, Company Secretary, on 020 70247600.

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