Interim Management Statement

Mobeus Income & Growth 4 VCT plc (the "Company")                

                         INTERIM MANAGEMENT STATEMENT                          

                     For the quarter ended 31 October 2012                     

In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK
Listing Authority, Mobeus Income & Growth 4 VCT plc presents an Interim
Management Statement for the quarter ended 31 October 2012. The statement also
includes relevant financial information between the end of the period and the
date of this statement.

NET ASSET VALUE AND TOTAL RETURN PER SHARE

                                               31 October 2012    31 July 2012
                                                                              
Net assets attributable to shareholders            £32,645,720     £32,937,188
                                                                              
Shares in issue                                     28,770,873      28,918,840
                                                                              
Net asset value per Ordinary Share                     113.47p         113.90p
                                                                              
Cumulative dividends paid per Ordinary Share            26.70p          26.70p
                                                                              
Total return per share (net asset value basis)         140.17p         140.60p
since inception                                                               

DIVIDEND

No dividends were paid during the quarter.

CHANGE OF YEAR-END

To facilitate the process of allotting shares arising from any future
fund-raisings, the Board has decided to amend the Company's accounting
reference date to 31 December. Thus the next accounts that shareholders will
receive will be for the 11 months ended 31 December 2012.

INVESTMENT ACTIVITY

In August 2012, Blaze Signs Holdings Limited repaid the remainder of their
original loan, generating proceeds of £37k, including premium of £8k. After the
period end, £278k was repaid in respect of their second loan bringing the total
loan repayment proceeds (including interest) to date to £625k or 102% of cost.

No further divestments were made during the period.

SHARE BUY-BACKS

The Company bought back 64,373 of its own Ordinary Shares at a price of 100.25
pence per share on 28 September 2012 and a further 83,594 Ordinary Shares at a
price of 102.5 pence per share were bought back on 3 October 2012. There were
28,770,873 Ordinary Shares in issue at the date of this announcement.

ENHANCED BUYBACK FACILITY

The Board of the Company is pleased to announce that they are considering
offering shareholders the opportunity to participate in an enhanced buyback
facility in 2013. The Scheme will provide shareholders with the opportunity to
sell some or all of their shares in the VCT back to the Company and re-invest
the proceeds in new shares in the Company. 

Full terms of the enhanced buyback facility are expected to be provided to
shareholders in the first quarter 2013, at which point a further announcement
will be made.

For further information, please contact:

Robert Brittain, for Mobeus Equity Partners LLP, Company Secretary: 020 7024
7600.

ENDS

DISCLAIMER

Neither the contents of the Company's website nor the contents of any website
accessible from hyperlinks on the Company's website (or any other website) is
incorporated into, or forms part of, this announcement.