Interim Management Statement

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

                         INTERIM MANAGEMENT STATEMENT                          

                      For the quarter ended 31 March 2013                      

In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK
Listing Authority, Mobeus Income & Growth VCT plc presents an Interim
Management Statement for the quarter ended 31 March 2013. 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

                                         At 31 March 2013   At 31 December 2012
                                                                               
Net assets attributable to                    £48,852,958           £43,288,523
shareholders                                                                   
                                                                               
Shares in issue                                50,444,938            45,946,513
                                                                               
Net asset value per Ordinary Share                96.84 p               94.22 p
                                                                               
Cumulative dividends paid                         38.05 p               38.05 p
                                                                               
Total return (net asset value                    134.89 p              132.27 p
basis) per share since inception                                               
                                                                               
% return on initial net asset                     42.75 %                39.96%
value per share of 94.5 pence                                                  

The net asset value per share has risen by 2.62 pence over the quarter. This
was primarily due to further appreciation in the investment portfolio and the
income return.

CUMULATIVE DIVIDENDS

A final dividend of 2.00 pence per share comprising 1.50 pence from income and
0.50 pence from capital in respect of the year ended 31 December 2012 was
approved by shareholders at the Annual General Meeting of the Company held on 8
May 2013. The dividend will be payable on 15 May 2013 to Shareholders who are
on the Register on 19 April 2013. This dividend, once paid, will increase
cumulative dividends paid since inception to 40.05 pence per share.

NEW INVESTMENT

In March 2013 the Company completed a new investment of £1.86 million, to
support the MBO of Gro Group, the premier brand and market leader for baby
sleep time products in the UK and Australia. The amount invested included £1
million from the Company's existing investment in the acquisition vehicle Fosse
Management.

FURTHER INVESTMENTS

In February 2013, the VCT provided an additional £1.34 million (including £1
million from the Company's existing investment in the acquisition vehicle
Almsworthy Trading), to finance Motorclean's acquisition of Forward Valeting
Services to create the UK's largest provider of car valeting services.

A further loan stock investment of £293k for working capital purposes was made
in March 2013 into British International.

Following the quarter-end in April 2013, the VCT has made a further investment
of £1.63 million, including £1 million from the acquisition vehicle Peddars
Management, into ATG Media Holdings, an existing investment. This was to
finance ATG's acquisition of Bidspotter, a US company providing live bidding
and auction software to industrial and commercial liquidation auctioneers.

DIVESTMENTS

In March 2013, the VCT sold part of its loan stock and its entire equity
investment in Faversham House for net proceeds of £207k. The Company holds a
remaining loan stock investment in Faversham at a cost and value of £157k. The
valuation of the company at 31 December 2012 was £121k and the total original
cost was £527k.

LOAN STOCK REPAYMENTS

One repayment of £24k was received from Tessella, an investment that was made
in July 2012.

SHARE BUYBACKS

The Company bought back 461,024 of its own Ordinary Shares at an average price
of 82.17 pence during the quarter ended 31 March 2013 representing an average
discount of 12.8 % to the latest published net asset value per share on the 
date of purchase.

MOBEUS VCTs' LINKED OFFER FOR SUBSCRIPTION

During the quarter ended 31 March 2013, the Company issued and allotted a total
of 4,959,449 ordinary shares in the Company at an average price of 96.22 pence
per share, raising net proceeds of £4.58 million (after deducting initial
costs).

Since the quarter end the Company has allotted a further 3,731,991 ordinary
shares in the Company at prices ranging from 95.4 to 99.8 pence per share
raising further net proceeds of £3.52 million (after deducting initial costs).
Applications totalling £24.85 million were received under the Linked Offer
which closed on 30 April 2013 of which £8.28 million was received for Mobeus
Income & Growth VCT plc.

ENHANCED BUYBACK (EBF)

On 4 April 2013, the Company purchased 8,356,555 of its own ordinary shares at
a price of 94.20 pence per share and allotted 8,098,335 new ordinary shares in
the Company at 97.20 pence per share pursuant to the EBF in respect of
applications for the 2012/2013 tax year.

On 8 April 2013, the Company purchased 1,516,838 of its own ordinary shares at
a price of 94.20 pence per share and allotted 1,469,970 new ordinary shares in
the Company at 97.20 pence per share pursuant to the EBF in respect of
applications for the 2013/2014 tax year.

For further information, please contact:

Sarah Penfold, for Mobeus Equity Partners LLP, Company Secretary: 020 7024
7616.