Revised AGM Arrangements

10 August 2020

LEI: 213800LY62XLI1B4VX35

Mobeus Income & Growth 2 VCT plc - Revised Annual General Meeting Arrangements

This announcement provides an update to the Mobeus Income & Growth 2 VCT plc's (the "Company") Annual General Meeting arrangements as detailed in the Notice of the Annual General Meeting ("AGM"), published on 30 June 2020.

The Board of the Company notifies Shareholders that, in compliance with the current UK Government's guidelines associated with the COVID-19 pandemic restrictions, attendance at the Company's AGM to be held at 11.00 am on Wednesday, 9 September 2020 at the offices of Mobeus Equity Partners LLP, 30 Haymarket, London, SW1Y 4EX will not be permitted in person. We hope that Shareholders understand we are taking these steps for the safety of, and to protect, our Shareholders, Board and all other attendees.

It is accordingly necessary to adjust the way in which this year's AGM is conducted. The formal part of the AGM will be held with a quorum of members only, supplemented by way of a conference call, which will enable Shareholders to hear a presentation from the Investment Adviser, Mobeus Equity Partners LLP, accessible via a portal, details of which will be provided on the Company's website www.mig2vct.co.uk. Shareholders will have the opportunity to ask questions after the presentation.

Shareholders wishing to join the conference call are advised to register up to 10 minutes before 11.00am as the meeting will start promptly and should use the below dial-in details:

Telephone: 0330 336 9041

Code: 223372

Shareholders should be aware that it will not be possible to vote on the conference call, with voting at the formal part of the AGM being conducted by way of a poll. The Board is nevertheless keen to ensure that Shareholders are able to exercise their right to vote and strongly recommends that Shareholders register their votes on all the Resolutions to be put to the AGM no later than 11.00am on 7 September 2020 in order to be counted, either by returning the proxy form circulated with the Annual Report or electronically by using the online portal at:  www.signalshares.com. Shareholders are also advised to appoint the chairman of the meeting as their proxy.

If Shareholders are unable to join the conference call, questions can be submitted to the Board in advance of the meeting by email to: [email protected]. We will consider all questions received and, if appropriate, provide a written response.

Further information

The original Notice of AGM, further details of the conference call and a copy of this announcement are available on the Company's website: www.mig2vct.co.uk

For any further information, please contact:

Mobeus Equity Partners LLP, Company Secretary

020 7024 7600 or [email protected]