Change to Management Arrangements

The Income & Growth VCT plc

11 March 2008

Change to management arrangements

On 12 September 2007, the Board announced changes to the arrangements for
managing its investment portfolio which had until then been managed by three
investment management houses. Since September 2007, the Ordinary Share Fund of
the Company's investment portfolio has been managed jointly by Foresight Group
LLP ("FG") and Matrix Private Equity Partners LLP ("MPEP"), and the Company
changed its name from TriVest VCT plc to The Income & Growth VCT plc.
Subsequently, on 20 December 2007, the Company published a prospectus to raise
up to £15 million by means of an offer for subscription of new "S" Shares, all
of the net proceeds of which are be managed as a separate pool of assets solely
by MPEP.

Reflecting the increase in funds to be managed by MPEP and increasing focus on
MBOs and away from technology investments, the Board has decided to simplify
the present management arrangements and has been in discussions with FG, the
present co-manager, to terminate its management contract. The Board of the
Company today announces that it has given formal notice to FG under its
investment management arrangements whereby FG will step down as the co-manager
of the Ordinary Share Fund and MPEP will take over as sole manager on terms to
be agreed.

The Company's prospectus dated 20 December 2007 explained that all of the net
proceeds of the Offer for Subscription for new S Shares are to be held in a
separate S Share Fund, to be invested under the sole management of MPEP. The
changes to the management arrangements described above do not, therefore, have
any impact on the S Share Fund; accordingly, they do not, in the opinion of the
board, comprise a significant new factor (for the purposes of making an
informed assessment of the kind mentioned in section 87A (2) of the Financial
Services and Markets Act 2000) relating to the Offer, which remains open until
4 April 2008 unless it is fully subscribed by an earlier date or extended.

For further information, please contact:

Rob Brittain, for Matrix-Securities Limited, Company Secretary 020 7925 3300