Issue of Equity

The Income & Growth VCT plc

Issue of Equity

The Company announces that on 1st April 2008 it allotted and issued 1,858,924
new S Ordinary shares of 1p each at a price of 100.00p.

Following this allotment the issued share capital of the Company is 36,047,146
Ordinary Shares and 5,608,764 S Ordinary Shares.

For further information please contact:

Robert Brittain at Matrix-Securities Limited, Company Secretary, on 020 7925
3300