Offer Update

The Income & Growth VCT plc

Offer Update

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"
and each a "Company") published a Securities Note, Registration Document and 
Summary on 28 November 2013 (together "the Prospectus") containing an offer 
for subscription of up to 10 million ordinary shares of 1p each in the capital 
of each of the Companies ("the Offer"). Definitions within the Prospectus 
apply to this announcement.

The boards of the Companies are pleased to announce that they expect to shortly
receive applications pursuant to the Offer which will result in £24 million in
aggregate being raised. As a result, and in accordance with the terms of the 
Offer (contained in the Securities Note), the boards have jointly decided to 
increase the aggregate fundraising amount pursuant to the Offer from £24 million 
(£6 million per Company) to £34 million (£8.5 million per Company), subject to 
no more than 10 million ordinary shares being issued by one or more of the Companies.

Investors intending to subscribe for shares under the Offer in the 2013/2014
tax year should note that the deadline for such subscriptions is 12.00 noon 
on 4 April 2014. The Offer is expected to close at 12.00 noon on 30 April 2014 
(unless fully subscribed by an earlier date or otherwise extended or closed at 
the Directors' discretion). 

Copies of the Prospectus (together with a supplementary prospectus published by
the Companies on 19 December 2013) are available from the website of the Investment
Manager to the Companies (Mobeus Equity Partners LLP) at:

www.mobeusequity.co.uk/investor-area

For further information, please contact:

Investment Manager to the Companies
Mobeus Equity Partners LLP
Rob Brittain
Telephone: [phone]