Offer for subscription

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

20 December 2007

Offer for Subscription of up to 15,000,000 S Shares at an issue price of 100
pence per S Share payable in full on subscription

A copy of the Prospectus comprising the Securities Note, the summary and the
registration document for the above offer has been submitted to the Financial
Services Authority and will shortly be available for inspection at the FSA's
document viewing facility, which is situated at:

The Financial Services Authority

25 The North Colonnade

Canary Wharf

London

E14 5HS

For further information please contact:

Robert Brittain at Matrix-Securities Limited, the Company Secretary on 020 7295
3300.