Interim Management Statement

Mobeus Income & Growth 2 VCT plc (the Company)                 

                    UNAUDITED INTERIM MANAGEMENT STATEMENT                     

                     For the quarter ended 31 January 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 January 2013. The statement also
includes relevant financial information between the end of the period and the
date of this statement.

NET ASSET VALUE PER SHARE

                                               Ordinary Shares         
                                                                       
                                       31 January 2013  31 October 2012
                                                                       
Net assets attributable to                 £25,495,439      £24,578,189
shareholders                                                           
                                                                       
Shares in issue                             24,560,210       24,767,305
                                                                       
Net asset value per 1p Share:                                          
                                                                       
- Including current year income                103.81p           99.24p
                                                                       
- Excluding current year income                102.59p           98.46p

DIVIDENDS

No dividends were paid during the quarter.

The Board has today declared an interim dividend of 4p per share for the year
ending 30 April 2013, made up of 1.25p from income and 2.75p from capital. The
dividend will be paid on 20 April 2013 to shareholders on the register on 28
March 2013.

SHARE BUY-BACKS

During the quarter the Company bought back 207,095 Ordinary Shares of 1p each
at 69.75p per share.

INVESTMENT ACTIVITY

New investment

On 14 March 2013, the Company invested £1,056,416 (including £1,000,000 from
Fosse Management Limited, one of the Company's acquisition companies) to
support the MBO of Gro Group Holdings Limited, the market leader for baby sleep
time products in the UK and Australia.

Follow-on investment

On 18 February 2013, the Company invested a further £624,768 into Fullfield
Limited ("Motorclean"), using its acquisition vehicle, Almsworthy Limited to
support Motorclean's acquisition of Forward Valeting Services Limited, a
company with a similar business model in the UK car valeting market.

Realisations

A total of £636,499 (including any premiums paid) has been received in loan
stock repayments from portfolio companies during the quarter to 31 January
2013. Blaze Signs repaid £623,480 during the quarter, plus interest arrears of
£52,520 and Tessella Holdings Limited made a scheduled repayment of £13,019 at
the end of December.

No further divestments were made during the period.

Please note that all 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:

Robert Brittain, for Mobeus Equity Partners LLP, Company Secretary: 020 7024
7600