Issue of Equity

The Income & Growth VCT plc

10 April 2013

Issue of Equity

The Company announces that on 10 April 2013 it allotted and issued 96,846 new
Ordinary Shares of 1p each at a price of 115.30 pence per share and 292,961 new
Ordinary Shares of 1p each at a price of 112.60 pence per share.

Investors submitting applications received on or before 30 December 2012 were
allotted shares at 115.30 pence per share. Investors submitting applications
received post 30 December 2012 were allotted shares at 112.60 pence per share.
Both prices were determined in accordance with the pricing formula set out in
the Securities Note dated 29 November 2012.

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 12 April 2013.

Following this allotment the issued share capital of the Company is 52,964,743
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 Mobeus Income & Growth
4 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 £24.3 million has been raised to date under the Offer of which £8.1
million has been raised for The Income & Growth VCT plc.

The Offer 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:

Sarah Penfold at Mobeus Equity Partners LLP, Company Secretary, on 020 7024
7616.