Portfolio Update and Unaudited Net Asset Value

Maven Income and Growth VCT 2 PLC

Portfolio Update and Unaudited Net Asset Value

The Directors of Maven Income and Growth VCT 2 PLC (the Company) are pleased to confirm that, on 9 December 2015, the Company completed the disposal of its investment in Westway Services Holdings (2014) Limited.

As a result, the net asset value (NAV)1 of the Company has increased by approximately 0.91p per share and the Directors now confirm an unaudited NAV of 51.67p per share as at 31 October 2015. After providing for the payment of the interim and special dividends of 2.00p and 10.00p per share respectively on 30 October 2015, this represents an uplift of 2.11% from the previously released figure of 62.60p per share as at 31 July 2015. The Directors also confirm NAV total return2 of 96.14p per Ordinary Share as at 31 October 2015, compared to 95.07p at 31 July 2015.

Notes:

1The NAV at 31 October 2015 is unaudited, reflects the closing bid price of quoted securities as at that date and reflects the payment of the special and interim dividends on 30 October 2015. Investments in unlisted companies are normally valued on a six monthly basis and the NAV incorporates the Directors' valuation of unlisted investments as at 31 July 2015, adjusted for subsequent events where appropriate. Other than the disposal of the investment in Westway Services Holdings (2014) Limited mentioned above, there have been no material changes in the valuations of any of the unlisted investments during the period from 1 August 2015 to the date of this announcement.

2NAV total return is the sum of NAV per share and dividends paid per share since launch.

Issued on behalf of the Board

Maven Capital Partners UK LLP

Secretary

9 December 2015