Issue of Equity

The Income & Growth VCT plc

22 February 2011

Issue of Equity

The Company announces that on 22 February 2011 it allotted and issued 39,332
new Ordinary Shares of 1p each under the Company's Dividend Investment Scheme
at a price of 86.7 pence per share (being equivalent to the average of the
middle market price for the Company's shares taken from the London Stock
Exchange Daily Official List for the five business days immediately preceding
the payment date for the dividend less the dividend of 2 pence per Ordinary
Share paid on 22 February 2011).

Following this allotment the issued share capital of the Company is 38,065,719
Ordinary Shares.

For further information please contact:

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