Offer Update - Issue of Supplementary Prospectus

JOINT ANNOUNCEMENT

Mobeus Income & Growth VCT plc, Mobeus Income & Growth 4 VCT plc and The Income
& Growth VCT plc

Issue of Supplementary Prospectus

The boards of Mobeus Income & Growth VCT plc, Mobeus Income & Growth 4 VCT plc
and The Income & Growth VCT plc ("the Companies") announce that they have
published a supplementary prospectus ("the Supplementary Prospectus") relating
to the joint offer for subscription for new ordinary shares of 1p each in the
capital of each of the Companies to raise up to £21 million.

The Supplementary Prospectus refers to the publication of The Income & Growth
VCT plc's annual report and accounts for the year ended 30 September 2012 ("I&G
2012 Accounts"), certain information from which is incorporated by reference
into the Supplementary Prospectus.

Copies of the Supplementary Prospectus and the I&G 2012 Accounts have been
submitted to the Financial Services Authority and will shortly be available for
inspection at the National Storage Mechanism, which is located at:

www.morningstar.co.uk/uk/nsm

Copies of the Supplementary Prospectus are also available from the manager's
website:

www.mobeusequity.co.uk/investor-area

For further information, please contact:

Investment Manager to the Companies
Mobeus Equity Partners LLP
Rob Brittain
Telephone: [phone]