Issue of Equity

The Income & Growth VCT plc

16 February 2009

Issue of Equity

The Company announces that on 16 February 2009 it allotted and issued 127,403
new Ordinary Shares of 1p each under the Company's Dividend Investment Scheme at a price
of 76 pence (being equivalent to the published net asset value per share as at
31 December 2007 less the dividend of 4 pence per Ordinary Share payable on 16
February 2009).

Following this allotment the issued share capital of the Company is 35,178,593

Ordinary Shares and 11,806,467 S Ordinary Shares.

For further information please contact:

Sarah Penfold at Matrix-Securities Limited, Company Secretary, on 020 3206 7000.