Issue of Supplementary Prospectus

Joint Announcement

Mobeus Income & Growth VCT plc, Mobeus Income & Growth 2 VCT plc, Mobeus Income
& Growth 4 VCT plc and The Income & Growth VCT plc(together "the Companies")

Issue of Supplementary Prospectus

The Boards of the Companies announce that they have published a supplementary
prospectus ("the Supplementary Prospectus") relating to the joint offer for
subscription to raise, in aggregate, up to £24 million (as may be increased)
("the Offer").

The Supplementary Prospectus refers to the publication of The Income & Growth
VCT plc's annual report and accounts for the year ended 30 September 2013
("2013 I&G Accounts"), certain information from which is incorporated by
reference into the Supplementary Prospectus.

Copies of the Supplementary Prospectus and the 2013 I&G Accounts have been
submitted to the Financial Conduct Authority and will shortly be available for
inspection at the National Storage Mechanism, which is located at:

www.morningstar.co.uk/uk/nsm

Copies of the Supplementary Prospectus are also available from the manager's
website:

www.mobeusequity.co.uk/investor-area/fundraising

For further information, please contact:

Mobeus Equity Partners LLP
Rob Brittain
020 7024 7600