Agreement to dispose of App-DNA Group Limited

The Income & Growth VCT plc

Investment Adviser: Matrix Private Equity Partners LLP

26 October 2011

Agreement to dispose of investment in App-DNA Group Limited

The Board of The Income & Growth VCT plc is pleased to announce that the
Company has agreed, subject to final contract, to sell its investment in
App-DNA Group Limited to Citrix Systems Inc.

Citrix Systems Inc is acquiring all of the equity in App-DNA Group Ltd for a
headline consideration of $92 million, subject to completion adjustments. This
would deliver The Income & Growth VCT plc an initial consideration of
approximately £14.6 million, which equates to a NAV uplift of approximately
30.9 pence per share.

In addition, approximately £1.8 million of further deferred consideration could
be receivable over the next four years, subject to various warranties. The
total consideration equates to a return of approximately 32 times the original
investment.

It is anticipated that completion will occur in November 2011, once certain
administrative conditions have been fulfilled. The Board expects to update
shareholders with further details, once completion has occurred.

App-DNA is a leading specialist in Application Migration and Compatibility
Software including App-DNAâ„¢ and AppTitudeâ„¢ which it distributes to blue chip
companies around the world.

App-DNA was demerged from The Income and Growth VCT plc portfolio investee
company Camwood Enterprises Limited in 2010. The Company's investment in
Camwood Enterprises Limited is not changed by this transaction.

The Income and Growth VCT plc is advised by Matrix Private Equity Partners LLP.

For further information please contact:

Robert Brittain, Company Secretary for The Income & Growth VCT plc on 020 3206
7000

Guy Blackburn, Matrix Private Equity Partners LLP on 020 3026 7272