Director/PDMR Shareholding

The Income & Growth VCT plc

24 January 2011

Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility

The Company announces that the following Directors were allotted and issued the
numbers of ordinary shares shown below at a deemed issue price of 104.8 pence
per share:

Director           Ordinary   Percentage   Total           Percentage of     
                   Shares     of issued    notifiable      issued share      
                   allotted   share        holding         capital and total 
                              capital      following the   voting rights     
                              acquired     transaction     following the     
                                                           transaction       
                                                                             
Colin Hook         6,711      0.0175%      37,298          0.0974%           
                                                                             
Jonathan           6,711      0.0175%      6,711           0.0175%           
Cartwright                                                                   
                                                                             
Helen Sinclair     5,033      0.0131%      15,638          0.0408%           

This notification relates to a transaction notified in accordance with
Disclosure and Transparency Rule 3.1.4(1).

For further information please contact:

Sarah Penfold at Matrix Private Equity Partners LLP, Company Secretary, on 020
3206 7000.