Issue of Equity

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

8 April 2013

Issue of Equity

The Company announces that on 5 April 2013 it allotted and issued 781,050 new
Ordinary Shares of 1p each at a price of 121.3 pence per share.

Application will be made for the new Ordinary Shares to be admitted to the
Official List of the UK Listing Authority and dealings are expected to commence
on 11 April 2013.

Following this allotment the issued share capital of the Company is 34,674,320
Ordinary Shares.

These new shares in the Company have been issued subsequent to the linked offer
for subscription with Mobeus Income & Growth VCT plc and The Income & Growth
VCT plc launched on 29 November 2012 ("the Offer"). Pursuant to the terms of
the Offer, each of the three participating companies are offering a maximum of
10 million shares and based on the latest published net asset values per share
of each Company, the maximum aggregate funds expected to be raised is £27
million (£9 million per Company).

A total of £24.0 million has been raised to date under the Offer of which £8.0
million has been raised for Mobeus Income & Growth 4 VCT plc.

The Offer closed at 12.00 noon on 5 April 2013 for the 2012/13 tax year and will, 
subject to the discretion of the Directors of the three companies acting jointly 
or the Offer being fully subscribed at an earlier date, remain open until 12.00 
noon on 30 April 2013 for the 2013/14 tax year.

For further information please contact:

Robert Brittain, for Mobeus Equity Partners LLP, Company Secretary: 020 7024
7612