Transaction in Own Shares

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

26 January 2009

Purchase of shares for cancellation

The Income & Growth VCT plc announces that on 23 January 2009 it purchased for
cancellation 370,248 of its Ordinary Shares at a price of 44p pence per share.

Following this purchase the Company now has 35,081,190 Ordinary Shares in
issue.