Interim Management Statement

Mobeus Income & Growth 2 VCT plc                        

                                (the "Company")                                

                         INTERIM MANAGEMENT STATEMENT                          

                      For the quarter ended 31 July 2013                       

In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK
Listing Authority, Mobeus Income & Growth 2 VCT plc presents an Interim
Management Statement for the quarter ended 31 July 2013. The statement also
includes relevant financial information between the end of the period and the
date of this statement.


NET ASSET VALUE AND TOTAL RETURN PER SHARE

                                               At 31 July 2013 At 30 April 2013
                                                                               
Net assets attributable to shareholders            £27,389,485      £25,695,376
                                                                               
Shares in issue                                     24,070,716       24,070,716
                                                                               
Net asset value (NAV) per share                        113.79p          106.75p
                                                                               
Cumulative dividends paid to date per share             18.00p           18.00p
                                                                               
Total return per share since inception (NAV            131.79p          124.75p
basis)                                                                         


DIVIDENDS

No dividends were paid during the quarter.


SHARE BUY-BACKS

The Company did not buy back any of its own shares during the quarter.


INVESTMENT ACTIVITY

New Investments

In July 2013, the Company invested £967,781 in Veritek Global Limited, a
Europe-wide provider of installation, maintenance and support services for
blue-chip owners of printing equipment, using one of the Company's acquisition
vehicles, Madacombe Trading Limited, resulting in a net repayment of £32,219.

After the period end, Gro-Group Holdings Limited has drawn down £39,685 as
agreed at the time of the original investment into that company.

Realisations

The Company received loan stock repayments during the quarter ended 31 July
2013 totalling £1,665,844 (including any premiums paid) as follows:

Date          Investee company                        Loan stock repayment     
                                                      received (including      
                                                      premiums paid)           
                                                                               
May 2013      Newquay Helicopters (2013) Limited      £1,248,800               
             (formerly British International                                  
              Holdings Limited)                                                
                                                                               
June 2013     Tessella Holdings Limited               £13,019                  
                                                                               
July 2013     DiGiCo Global Limited                   £378,393                 
                                                                               
July 2013     Monsal Holdings Limited                 £25,632                  

After the period end, the Company has received a loan stock repayment of £228,276 
from Ingleby (1879) Limited (trading as EMaC Limited).


ANNUAL GENERAL MEETING

The Company's Annual General Meeting will be held at 12 noon on Friday 20
September 2013 at the offices of SGH Martineau LLP, One America Square,
Crosswall, London, EC3N 2SG.

The Company's Annual Report and Accounts for the year ended 30 April 2013
stated that the Board was considering raising additional funds during the
financial year ending 30 April 2014. Shareholders are being asked to vote on
various resolutions including authorising the Board to allot and issue equity
securities in connection with any offer for subscription.

Please note that all of the information above is unaudited.

Other than as described above, there were no material events during the period
and to the date of this announcement.

For further information, please contact:

Elizabeth Birch, for Mobeus Equity Partners LLP, Company Secretary: 
020 7024 7600