Inc&gwth Vct Regulatory News (IGV)

Joint Announcement

Offer for Subscription - Update

Mobeus Income & Growth VCT plc, Mobeus Income & Growth 2 VCT plc, Mobeus Income & Growth 4 VCT plc and The Income & Growth VCT plc (together "the Companies").

Further to the launch of offers for ("Offers") subscription to raise, in aggregate, up to £39 million by the Companies on 10 December 2014, the Companies' boards have today announced the first allotment of shares under each of their Offers. These allotments reflect valid applications totalling £16.2 million, which have been received up to 13 January 2015. The early investment incentive discount applied only to the first £15 million of valid applications received, in aggregate, which limit was exceeded on 13 January 2015. In the interests of fairness to all investors whose applications were received by that date, the early investment incentive discount, effectively paid by Mobeus, has been given to all such valid applications received by 13 January 2015.

Further applications received after 13 January 2015 will not benefit from the early investment incentive discount of 1% of the amount subscribed. As announced by RNS on 23rd December 2014, the following procedure will apply to applications received between 14 January 2015 and 6th February 2015 (inclusive). The receiving agent will inform further applicants, up to and including 6th February 2015, that their application will not receive the early investment incentive discount of 1%, by post or e-mail. The applicant will be given seven calendar days from the date of the communication to withdraw their application, if they so wish, otherwise their application will continue to be processed.

For further information, please contact:

Mobeus Equity Partners LLP

Rob Brittain

Telephone: 020 7024 7600