Director/PDMR Shareholding

The Income & Growth VCT plc

8 March 2012

Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility

The Company announces that the following Directors were allotted and issued the
numbers of ordinary shares shown below at a deemed issue price of 106.4 pence
per share:

 

Director           Ordinary s Percentage   Total n         Percentage of     
                   hares      of issued    otifiable       issued share      
                   allotted   share        holding         capital and total 
                              capital      following the   voting rights     
                              acquired     transaction     following the     
                                                           transaction       
                                                                             
Colin Hook         1,652      0.0039%      51,338          1.1176%           
                                                                             
Jonathan           1,652      0.0039%      10,591          0.0243%           
Cartwright                                                                   
                                                                             
Helen Sinclair     1,652      0.0039%      17,535          0.0402%           

This notification relates to a transaction notified in accordance with
Disclosure and Transparency Rule 3.1.4(1).

For further information please contact:

Sarah Penfold at Matrix Private Equity Partners LLP, Company Secretary, on 
020 3206 7000.