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, on 30 April 2010 the Company issued and allotted 310,298 Ordinary Shares of 10p each. The number of Ordinary Shares in issue is now 38,018,258. The Offer Price at which the shares were issued and allotted was 61.3p per Ordinary Share and the Offer is now closed.

Maven Capital Partners UK LLP

Secretary

4 May 2010