Portfolio Update

. The Income & Growth VCT plc ("the Company") 4 December 2013 Realisation of investment in Alaric Systems Limited The Board of The Income & Growth VCT plc is pleased to announce that theCompany has realised its investment in Alaric Systems Limited ("Alaric")through a sale to a subsidiary of NCR Corporation for cash proceeds of£2.55 million. Alaric provides payment processing and fraud preventionsoftware. This realisation has contributed to total receipts of £2.65 million by theCompany over the life of the investment, representing a return of over4.4 times original cost of £0.60 million. This investment was valued at 30 June 2013 at £1.10 million in the unauditedmanagement accounts of the Company. The Company may become entitled to receive additional sale proceeds of up to£0.5 million over the period to December 2017, which is currently held inescrow. This will be recognised, as and when appropriate, in future financialstatements. This realisation is equivalent to an increase of approximately 1.84 pence inthe published net asset value (NAV) per share at 30 June 2013 of 110.5 pence. The Directors intend to announce the audited NAV per share of the Company at30 September 2013 later this month. For further information, please contact: Robert Brittain, for Mobeus Equity Partners LLP, Company SecretaryTel: 020 7024 7000.