Issue of Equity

Maven Income and Growth VCT 2 PLC

Offer for subscription of Ordinary Shares

The Directors of Maven Income and Growth VCT 2 PLC are pleased to announce that, pursuant to the Maven Income and Growth VCT Linked Offer which opened on 18 November 2010, the Company issued and allotted 190,366 Ordinary Shares of 10 pence each on 3 May 2011, and that the number of Ordinary Shares in issue is now 25,079,282. The Offer Price at which the shares were issued and allotted was 55.4p per Ordinary Share.

The 2011/2012 offer is now closed.

Maven Capital Partners UK LLP

Secretary

4 May 2011