Issue of Equity

* The Income & Growth VCT plc
   
24 June 2008

 * Issue of Equity
   
The Company announces that on 18 June 2008 it allotted and issued 4,175 new S
Ordinary Shares of 1p each at a price of 100.00p.

These shares represent an additional 1% commission waiver relating to a small
number of applications under the recent offer for subscription.

Following this allotment the issued share capital of the Company is 36,047,146
Ordinary Shares and 11,806,467 S Ordinary Shares.

For further information please contact:

Robert Brittain at Matrix-Securities Limited, Company Secretary, on 020 3206
7000