Circular re VCT Enhanced Buyback Facility - Ame...

This announcement replaces the announcement released at 7:00am on 28 January
2013

THE INCOME & GROWTH VCT PLC

25 January 2013

PUBLICATION OF CIRCULAR

Summary

The board of directors ("Board") of The Income & Growth VCT plc ("the Company")
is today sending out a circular ("Circular") to shareholders in relation to a
proposed enhanced buyback facility, such scheme being for up to 50% of the
issued share capital of the Company ("Enhanced Buyback Facility").

Implementation of the Enhanced Buyback Facility is subject to shareholder
approval being provided at a general meeting convened for 22 February 2013
pursuant to the Circular. The Enhanced Buyback Facility has opened today for
application.

Enhanced Buyback Facility

The Company is offering to purchase up to a maximum of 23,853,553 existing
shares, which represent 50% of the issued share capital as at 24 January 2013,
subject to the proceeds of sale being reinvested in new shares.

The record date to be eligible to participate in the Enhanced Buyback Facility
is 5.00 p.m. on 24 January 2013.

The closing date for applications pursuant to the Enhanced Buyback Facility is
12.00 noon on 20 March 2013.

Further details on the Enhanced Buyback Facility, the terms and conditions
thereof and the tax consequences of participating, are set out in the Circular
and application form. Shareholders are advised to consult their independent
financial adviser.

Availability of Documents

The Circular has been submitted to the Financial Services Authority and will
shortly be available for inspection both at the National Storage Mechanism,
which is located at:

http://www.hemscott.com/nsm.do

and the Company's website:

wwww.incomeandgrowthvct.co.uk

For further information, please contact:

Investment Manager to the Companies
Mobeus Equity Partners LLP
Rob Brittain
Telephone: [phone]

25 January 2013