Interim Management Statement

Mobeus Income & Growth VCT plc (the Company)                  

                         INTERIM MANAGEMENT STATEMENT                          

                    For the quarter ended 30 September 2012                    

In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK
Listing Authority, Mobeus Income & Growth VCT plc presents an Interim
Management Statement for the quarter ended 30 September 2012. The statement
also includes relevant financial information between the end of the period and
the date of this statement.

NET ASSET VALUE AND TOTAL RETURN PER SHARE

                                          At 30 September 2012  At 30 June 2012
                                                                               
Net assets attributable to shareholders            £41,334,645      £42,077,242
                                                                               
Shares in issue                                     46,245,967       46,199,153
                                                                               
Net asset value per Ordinary Share                     89.38 p          91.08 p
                                                                               
Cumulative dividends paid                              38.05 p          33.05 p
                                                                               
Total net asset value return per share since 
inception                                             127.43 p         124.13 p
                                                        
% return on opening net asset value of                
94.5 pence per share                                  34.85 %          31.35 %
                                            

INVESTMENT ACTIVITY

In July 2012, the Company completed a new investment of £1.745 million
(including £1 million from the Company's existing acquisition vehicle Sawrey
Limited) to support the MBO of Tessella, an international provider of
consulting services.

A follow-on investment of £114k was made into PXP Holdings Limited ("PXP") in
June 2012 as part of a major re-structuring of the company, to enable PXP to
continue to trade following a period of poor trading in a challenging house
building market.

Blaze Signs Holdings Limited repaid a further £232k of its loan stock in July
and August 2012. Fullfield Limited repaid a further £123k in July 2012.

No further divestments were made during the period.

SHARE BUY-BACKS

During the quarter ended 30 September 2012, the Company bought-back 352k of its
own Ordinary Shares at an average price of 77.9 pence per share and an average
discount of 10.7% to net asset value per share.

INTERIM DIVIDEND

The Company paid an interim dividend of 5.00 pence per share (comprising 4.50
pence from capital and 0.50 pence from income) on 20 September 2012 bringing
cumulative dividends paid per share to 38.05 pence.

LINKED MOBEUS FUNDRAISING

The Company participated with Mobeus Income & Growth 4 VCT plc (formerly Matrix
Income & Growth 4 VCT plc) and The Income & Growth VCT plc in a VCT linked
fundraising ("the Offer") that closed on 30 June 2012.

During the quarter ended 30 September 2012, the Company issued and allotted a
total of 399k ordinary shares under the Offer at an average price of £1.02
pence per share, raising net proceeds of £406k.

A total of £15.504 million was subscribed for under the Offer across the three
VCTs of which £5.168 million was raised by the Company.

For further information, please contact:

Sarah Penfold, for Mobeus Equity Partners LLP, Company Secretary: 020 7024 7600.