Annual Information Update

The Income & Growth VCT plc

Annual Information Update

23 December 2010

In accordance with Prospectus Rule 5.2, the following information has been
published or made available to the public in the period from 1 October 2009 to
22 December 2010.

Announcements listed as published on the London Stock Exchange have been
published via a Regulatory Information Service and can be found on
www.londonstockexchange.com. Copies of documents filed with Companies House can
be obtained from Companies House or, if you are a registered user, through
Companies House Direct at www.direct.companieshouse.gov.uk.

Some of the information referred to below was provided as at a specific date
and may now be out of date.

LONDON STOCK EXCHANGE                                                          
                                                                               

Date                Description                                                
                                                                               
2 October 2009      Transaction in the Company's Own Shares - 35,000 Ordinary  
                    Shares of 1p at 48.35 pence per share on 30 September 2009.
                                                                               
2 October 2009      Total Voting Rights - Ordinary Shares: 34,824,397; S       
                    Ordinary Shares: 11,806,467; Total: 46,630,864.            
                                                                               
3 November 2009     Annual Information Update                                  
                                                                               
19 November 2009    Statement re Realisation of investment in PastaKing        
                    Holdings Limited                                           
                                                                               
16 December 2009    Annual Financial Report - Year ended 30 September 2009     
                                                                               
22 December 2009    Transaction in the Company's Own Shares - 203,770 Ordinary 
                    Shares of 1p at 47.52 pence per share on 21 December 2009. 
                                                                               
31 December 2009    Total Voting Rights - Ordinary Shares: 34,620,627; S       
                    Ordinary Shares: 11,806,467; Total: 46,427,094.            
                                                                               
28 January 2010     Transaction in the Company's Own Shares - 132,508 Ordinary 
                    Shares of 1p at 46.78 pence per share on 28 January 2010.  
                                                                               
1 February 2010     Total Voting Rights - Ordinary Shares: 34,488,119; S       
                    Ordinary Shares: 11,806,467; Total: 46,294,586.            
                                                                               
16 February 2010    Interim Management Statement - Quarter ended 31 December   
                    2009.                                                      
                                                                               
2 March 2010        Transaction in the Company's Own Shares - 33,659 Ordinary  
                    Shares of 1p at 45.27 pence per share on 26 February 2010. 
                                                                               
2 March 2010        Circular re proposals to merge the Company's share classes.
                                                                               
3 March 2010        Result of AGM held on 3 March 2010.                        
                                                                               
4 March 2010        Blocklisting - Interim Review.                             
                                                                               
4 March 2010        AGM Statement - Result of Class Meetings held on 4 March   
                    2010.                                                      
                                                                               
18 March 2010       Issue of Equity - Issue of 112,768 new Ordinary Shares of  
                    1p each at a price of 76.00 pence and 6,674 new S Ordinary 
                    Shares of 1p each at a price of 94.5 pence on 18 March 2010
                    in respect of the Company's Dividend Investment Scheme.    
                                                                               
22 March 2010       Director/PDMR Shareholding - Director's holdings following 
                    allotments on 18 March 2010: Colin Hook: 0.0014% Ordinary  
                    Shares of 1p and 0.0009 S Ordinary Shares of 1p;           
                    Christopher Moore: 0.0028% Ordinary Shares of 1p and       
                    0.0012% S Ordinary Shares of 1p; Helen Sinclair: 0.0005% S 
                    Ordinary Shares of 1p.                                     
                                                                               
29 March 2010       Statement re Share Merger.                                 
                                                                               
31 March 2010       Transaction in the Company's Own Shares - 78,742 Ordinary  
                    Shares of 1p at 63.75 pence per share on 31 March 2010.    
                                                                               
30 April 2010       Total Voting Rights - 37,929,970.                          
                                                                               
27 May 2010         Half-yearly Report - 31 March 2010.                        
                                                                               
02 June 2010        Transaction in the Company's Own Shares - 70,950 Ordinary  
                    Shares of 1p at 70.4 pence per share on 1 June 2010.       
                                                                               
04 June 2010        Transaction in the Company's Own Shares - 99,682 Ordinary  
                    Shares of 1p at 73.0 pence per share on 3 June 2010.       
                                                                               
09 June 2010        Transaction in the Company's Own Shares - 157,819 Ordinary 
                    Shares of 1p at 73.0 pence per share on 9 June 2010.       
                                                                               
21 June 2010        Document Viewing Facility - re Half-Yearly Report for the  
                    six months ended 31 March 2010.                            
                                                                               
23 June 2010        Company Secretary Change from Matrix-Securities Limited to 
                    Matrix Private Equity Partners LLP.                        
                                                                               
24 June 2010        Transaction in the Company's Own Shares - 147,884 Ordinary 
                    Shares of 1p at 73.0 pence per share on 24 June 2010.      
                                                                               
30 June 2010        Total Voting Rights - 37,453,635.                          
                                                                               
21 July 2010        Transaction in the Company's Own Shares - 103,388 Ordinary 
                    Shares of 1p at 75.0 pence per share on 21 July 2010.      
                                                                               
22 July 2010        Directorate Change - Appointment of Jonathan Cartwright    
                    with effect from 1 August 2010.                            
                                                                               
30 July 2010        Total Voting Rights - 37,350,247.                          
                                                                               
06 August 2010      Transaction in the Company's Own Shares - 92,641 Ordinary  
                    Shares of 1p at 77.95 pence per share on 4 August 2010.    
                                                                               
10 August 2010      Interim Management Statement - Quarter ended 30 June 2010. 
                                                                               
27 August 2010      Transaction in the Company's Own Shares - 60,692 Ordinary  
                    Shares of 1p at 78.5 pence per share on 27 August 2010.    
                                                                               
31 August 2010      Total Voting Rights - 37,196,914.                          
                                                                               
14 September 2010   Transaction in the Company's Own Shares - 183,445 Ordinary 
                    Shares of 1p at 84.59 pence per share on 13 September 2010.
                                                                               
27 September 2010   Directorate Change - Resignation of Christopher Moore with 
                    effect from 24 September 2010.                             
                                                                               
30 September 2010   Transaction in the Company's Own Shares - 42,578 Ordinary  
                    Shares of 1p at 84.2 pence per share on 30 September 2010. 
                                                                               
30 September 2010   Total Voting Rights - 36,970,891.                          
                                                                               
3 November 2010     Unaudited net asset value per share as at 30 September     
                    2010: 99.01 pence.                                         
                                                                               
4 November 2010     Dividend Declaration - Interim dividend of 2.00 pence per  
                    share payable on 22 February 2011 to shareholders on the   
                    register on 28 January 2011. Intention to propose a final  
                    dividend on 2.00 pence per share payable on 28 March 2011  
                    to shareholders on the register on 4 March 2011.           
                                                                               
12 November 2010    Joint announcement with Matrix Income & Growth VCT plc and 
                    Matrix Income & Growth 4 VCT plc - Offer for Subscription  
                    and Issue of Prospectus .                                  
                                                                               
17 December 2010    Annual Financial Report - Year ended 30 September 2010.    
                                                                               
23 December 2010    Transaction in the Company's Own Shares - 297,129 Ordinary 
                    Shares of 1p at 87.34 pence per share on 22 December 2010. 

COMPANIES HOUSE                                                                

Date                Ref       Description                                      
                                                                               
5 October 2009      AD02      SAIL Address created                             
                                                                               
5 October 2009      AD03      Register of Members moved to SAIL address        
                                                                               
13 October 2009     AR01      Annual Return - made up to 6 September 2009      
                                                                               
20 October 2009     CH01      Director's change of particulars /Christopher    
                              Mark Moore / 19 October 2009                     
                                                                               
20 October 2009     CH01      Director's change of particulars / Helen Rachelle
                              Sinclair / 19 October 2009                       
                                                                               
20 October 2009     CH01      Director's change of particulars / Colin Peter   
                              Hook / 19 October 2009                           
                                                                               
24 October 2009     SH03      Return of Purchase of Own Shares - 35,500 of the 
                              Company's own ordinary shares bought back on 30  
                              September 2009 at 48.35p per share.              
                                                                               
21 January 2010     SH03      Return of Purchase of Own Shares - 203,770 of the
                              Company's own ordinary shares bought back on 21  
                              December 2009 at 47.52p per share.               
                                                                               
10 February 2010    SH03      Return of Purchase of Own Shares - 132,508 of the
                              Company's own shares bought back on 28 January   
                              2010 at 46.78p per share.                        
                                                                               
22 February 2010    AD02      Sail Address changed from: One Vine Street,      
                              London W1J 0AH                                   
                                                                               
22 February 2010    AD03      Register of Members moved to SAIL address        
                                                                               
5 March 2010        RES01     Special resolution passed on 3 March 2010        
                              approving alterations to Memorandum and Articles 
                              of Association                                   
                                                                               
5 March 2010        RES10     Special resolution passed on 3 March 2010 -      
                              authority to allot shares                        
                                                                               
5 March 2010        RES11     Special resolution passed on 3 March 2010 -      
                              disapplication of pre-emption rights             
                                                                               
5 March 2010        RES09     Special resolution passed on 3 March 2010        
                              Authority to purchase shares other than from     
                              capital                                          
                                                                               
5 March 2010        RES       Special resolution passed on 3 March 2010 -      
                              Authority for general meetings other than annual 
                              general meetings to be called on not less than 14
                              clear days' notice                               
                                                                               
12 March 2010       MEM/ARTS  Articles of Association                          
                                                                               
23 March 2010       AA        Full Accounts made up to 30 September 2009       
                                                                               
9 April 2010        SH03      Return of Purchase of Own Shares - 33,659 of the 
                              Company's own ordinary shares bought back on 26  
                              February 2010 at 45.27p per share.               
                                                                               
9 April 2010        SH03      Return of Purchase of Own Shares - 8,371,657 of  
                              the Company's own Deferred Shares bought back on 
                              29 March 2010                                    
                                                                               
9 April 2010        RES       Special resolution passed on 26 March 2010       
                              approving the merger of `O' and `S' Share classes
                                                                               
9 April 2010        RES       Special resolution passed on 26 March 2010 that  
                              each of the issued and unissued S Shares be      
                              redesignated as ordinary shares of 1p            
                                                                               
9 April 2010        RES01     Special resolution passed on 26 March 2010       
                              approving alterations to Memorandum and Articles 
                              of Association                                   
                                                                               
9 April 2010        RES09     Special resolution passed on 26 March 2010       
                              approving the purchase by the Company of all the 
                              issued Deferred Shares revised management and    
                              administration arrangements                      
                                                                               
9 April 2010        RES       Special resolution passed on 26 March 2010       
                              approving revised management and administration  
                              arrangements                                     
                                                                               
9 April 2010        RES10     Special resolution passed on 26 March 2010 -     
                              authority to allot shares                        
                                                                               
9 April 2010        RES11     Special resolution passed on 26 March 2010 -     
                              disapplication of pre-emption rights             
                                                                               
9 April 2010        RES09     Special resolution passed on 26 March 2010       
                              Authority to purchase shares other than from     
                              capital                                          
                                                                               
9 April 2010        SH08      Notice of change of designation of `O' Shares and
                              `S' Shares to Ordinary Shares of 1p each         
                              following the merger of the share classes        
                                                                               
19 April 2010       SH01      18 March 2010 - Statement of Capital GBP         
                              463,803.69                                       
                                                                               
5 May 2010          SH03      Return of Purchase of Own Shares - 78,742 of the 
                              Company's own ordinary shares bought back on 31  
                              March 2010 at 63.75p per share.                  
                                                                               
4 June 2010         TM02      Resignation of Matrix-Securities Limited as      
                              Secretary                                        
                                                                               
9 June 2010         CC04      Statement of Company's Objects                   
                                                                               
16 June 2010        AP04      Corporate Secretary Appointed - Matrix Private   
                              Equity Partners LLP                              
                                                                               
22 June 2010        MEM/ARTS  Articles of Association                          
                                                                               
24 June 2010        SH03      Return of Purchase of Own Shares - 70,950 of the 
                              Company's own ordinary shares bought back on 1   
                              June 2010 at 70.00p per share.                   
                                                                               
24 June 2010        SH03      Return of Purchase of Own Shares - 99,682 of the 
                              Company's own ordinary shares bought back on 3   
                              June 2010 at 73.00p per share.                   
                                                                               
24 June 2010        SH03      Return of Purchase of Own Shares - 157,819 of the
                              Company's own ordinary shares bought back on 9   
                              June 2010 at 73.00p per share.                   
                                                                               
15 July 2010        SH03      Return of Purchase of Own Shares - 147,884 of the
                              Company's own ordinary shares bought back on 24  
                              June 2010 at 73.00p per share.                   
                                                                               
10 August 2010      SH03      Return of Purchase of Own Shares - 103,388 of the
                              Company's own ordinary shares bought back on 21  
                              July 2010 at 75.00p per share.                   
                                                                               
12 August 2010      AP01      Director Appointed: Mr Jonathan Harry Cartwright 
                                                                               
2 September 2010    SH03      Return of Purchase of Own Shares - 92,641 of the 
                              Company's own ordinary shares bought back on 4   
                              August 2010 at 78.00p per share.                 
                                                                               
13 September 2010   SH03      Return of Purchase of Own Shares - 60,692 of the 
                              Company's own ordinary shares bought back on 27  
                              August 2010 at 79.00p per share.                 
                                                                               
21 September 2010   LATEST    21 September 2010 - Statement of Capital GBP     
                    SOC       374,536.35                                       
                                                                               
21 September 2010   AR01      Annual Return - made up to 6 September 2009 - No 
                              changes                                          
                                                                               
22 September 2010   SH03      Return of Purchase of Own Shares - 183,445 of the
                              Company's own ordinary shares bought back on 13  
                              September 2010 at 85.00p per share.              
                                                                               
4 October 2010      TM01      Resignation of Christopher Moore as a director of
                              the Company                                      
                                                                               
14 October 2010     SH03      Return of Purchase of Own Shares - 42,578 of the 
                              Company's own ordinary shares bought back on 30  
                              September 2010 at 84.00p per share.              

In accordance with the provisions of Article 27.3 of the Prospectus Directive
Regulation, we confirm that to the best of our knowledge, information relating
to 'Holdings in Company' and 'Directors' Shareholdings' is up to date at the
date of this announcement but it is acknowledged that such disclosures may, at
any time, become out of date, due to changing circumstances.

Copies of information released can be obtained through the Company Secretary at
the Company's Registered Office at One Vine Street, London, W1J 0AH.