MIG.L Regulatory News (MIG)

Mobeus Income & Growth 2 VCT plc ("the Company")

14 June 2018

Directorate Change

Change of Chairman

The Board announces that Nigel Melville will stand down as Chairman of the Company and retire from the Board following the conclusion of the forthcoming Annual General Meeting ("AGM") to be held on 12 September 2018. Nigel joined the Board on 10 May 2000 and became Chairman on 5 September 2016. The Board would like to thank Nigel for his long service and dedication to the Company and wishes him well for his retirement.

The Board is pleased to announce that Ian Blackburn, an existing non-executive director of the Company and chairman of the Nomination and Remuneration Committee, will become non-executive Chairman of the Company following the conclusion of the AGM on 12 September 2018.

Ian is a Chartered Accountant who specialised in Corporate Finance at KPMG before building and selling two listed food groups. He has extensive UK and European strategic, operations and finance experience as CEO and FD of Perkins Foods Plc and Zetar Plc. Currently he is an active investor in a number of small and medium sized enterprises including chairman and non-executive roles with Mood Foods Limited (manufacturer of Ombar raw cocoa chocolate bars), Make It Plain Limited (trading as Kinteract, an education sector app), Slimline Wine Limited (zero sugar/carbohydrate wines) and Freshly Cut Limited (trading as Peppersmith, an oral health care products provider). He is also a trustee and treasurer of The Thomas Fryer Charity.

Ian has been a director of the Company since 1 July 2017.

For further information please contact:

Jonathan McGuire, Mobeus Equity Partners LLP, the Company Secretary on

020 7024 7600