Issue of Equity

The Income & Growth VCT plc

1 November 2007

Issue of Equity

The Company announces that on 24 October 2007 it allotted and issued 36,025 new
Ordinary shares of 1p each under the Dividend Investment Scheme at a price of
104.95p being equivalent to the published net asset value per share as at 30
June 2007.

Following this allotment the issued share capital of the Company is 36,625,504
Ordinary Shares.

For further information please contact:

Robert Brittain at Matrix-Securities Limited, Company Secretary, on 020 7925
3300