Compliance with Model Code

Mobeus Income & Growth VCT plc

20 March 2014

Compliance with the Model Code - Listing Rule 15.5.1 (4)

In accordance with Listing Rule 15.5.1(4), the Company announces that,
following the announcement on 19 March 2014 of its unaudited net asset value as
at 31 December 2013 and the final dividend proposed by the Directors in respect
of the year then ended, it is satisfied that all inside information which the
Directors and the Company may have in the period leading up to the announcement
of the results for the year ended 31 December 2013 has been previously notified
to a Regulated Information Service and, therefore, the dealings referred to in
Listing Rule 15.5.1 (3),  including purchases by the Company of its own
securities and dealings by persons discharging managerial responsibilities in
the Company during a close period, are permitted.

For further information, please contact:

Robert Brittain, for Mobeus Equity Partners LLP, Company Secretary 
020 7024 7600