Issue of Equity

The Income & Growth VCT plc


Issue of Equity

The Company announces that on 5 April 2012 it allotted and issued 1,026,004 new
Ordinary Shares of 1p each at a price of 106.4 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 April 2012.

Following this allotment the issued share capital of the Company is 45,793,917
Ordinary Shares.

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

A total of £12.8 million has been raised to date under the Offer of which £4.3
million has been raised by The Income & Growth VCT plc.

For further information please contact:

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