Statement re change of ownership at the Manager

The Income & Growth VCT plc

2 July 2012

Completion of change of ownership at the Manager

The Company announces that the change in ownership at the Manager, Matrix
Private Equity Partners LLP ("MPEP") announced on 20 January 2012, completed on
30 June 2012.

Under this agreement, The executive partners of MPEP have acquired control of
the Manager from Matrix Group Limited and renamed the management company Mobeus
Equity Partners LLP.

The new address of the Company and the Manager is 30 Haymarket, London W1Y 4EX
with immediate effect.

For further information please contact:

Robert Brittain at Mobeus Equity Partners LLP, Company Secretary, on 020 3206
7000.