Issue of Equity

The Income & Growth VCT plc(the "Company")

12 February 2014

Issue of Equity

The Company announces that on 11 February 2014 it allotted and issued 1,949,803
new Ordinary Shares of 1 penny each. These new shares in the Company have been
issued subsequent to the linked offer for subscription with Mobeus Income &
Growth VCT plc, Mobeus Income & Growth 2 VCT plc and Mobeus Income & Growth 4
VCT plc launched on 28 November 2013 to raise up to £24 million ("the Offer").
In accordance with the allotment formula set out in the prospectus for the
Offer, the new Ordinary Shares were issued at prices of between 118.60521 and
124.44002 pence per share, depending on the adviser charge (if applicable) and
the number of shares issued (after taking roundings into account) pertaining to
each application.

Application will be 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 17 February 2013.

Following this allotment, the issued share capital of the Company is 55,663,510
Ordinary Shares of 1 penny each.

A total of £14.4 million has been raised to date under the Offer, of which £3.6
million has been raised for The Income & Growth VCT plc.

For further information please contact:

Jonathan McGuire at Mobeus Equity Partners LLP, Company Secretary, on 020 7024
7615.

…………………………………… Director's initials