Issue of Equity

The Income & Growth VCT plc

15 February 2012

Issue of Equity

The Company announces that on 15 February 2012 it allotted and issued 187,280
new Ordinary Shares of 1p each under the Company's Dividend Investment Scheme
("the Scheme") at a price of 87.9 pence per share.

Following these allotments the issued share capital of the Company is
41,992,066 Ordinary Shares.

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 20 February 2012.

For further information please contact:

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