Issue of Equity

Mobeus Income & Growth 4 VCT plc(the "Company")

9 January 2014

Issue of Equity

The Company announces that on 9 January 2014 it allotted and issued 833,289 new
Ordinary Shares of 1 penny each. These new shares in the Company have been
issued subsequent to the linked offer for subscription with The Income & Growth
VCT plc, Mobeus Income & Growth VCT plc and Mobeus Income & Growth 2 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 120.28195 and
122.83806 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 15 January 2013.

Following this allotment, the issued share capital of the Company is 35,960,507
Ordinary Shares of 1 penny each.

A total of £4.6 million has been raised to date under the Offer, of which £1.15
million has been raised for Mobeus Income & Growth 4 VCT plc.

For further information please contact:

Elizabeth Birch at Mobeus Equity Partners LLP, Company Secretary, on 020 7024
7600.