Issue of Equity

The Income & Growth VCT plc

10 July 2012

Issue of Equity

The Company announces that on 10 July 2012 it allotted and issued 341,380 new
Ordinary Shares of 1p each at a price of 111.6 pence per share.

Application has been made for the new Ordinary Shares to be admitted to the
Official List of the UK Listing Authority and dealings are expected to commence
on 13 July 2012.

Following this allotment the issued share capital of the Company is 46,484,633
Ordinary Shares.

These new shares in the Company have been issued subsequent to the linked offer
for subscription with Mobeus Income & Growth VCT plc (formerly Matrix income &
Growth VCT plc) and Mobeus Income & Growth 4 VCT plc (formerly Matrix Income &
Growth 4 VCT plc) to raise up to £21 million, launched on 20 January 2012 ("the
Offer").

A total of £15.5 million has been raised to date under the Offer of which £5.2
million has been raised for The Income & Growth VCT plc.

The Offer closed on 30 June 2012.

For further information please contact:

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