Maven Income 1 Regulatory News (MIG1)

Maven Income and Growth VCT PLC (the Company)

Interim Management Statement - quarter ended 31 May 2010

This Interim Management Statement, for the quarter ended 31 May 2010 is provided in accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority and also includes relevant information in respect of the period from 1 June 2010 to the date of issue. This Statement has been prepared solely to provide additional information in order to meet the relevant requirements of the UK Listing Authority's Disclosure and Transparency Rules, and should not be relied on by Shareholders, or any other party, for any other purpose.

·; Net Asset Value (NAV)* of 61.7p per share at 31 May 2010 compared to 62.3p per share at 28 February 2010; and

·; Final dividend of 3.0p per share in respect of the year ended 28 February 2010, approved by Shareholders at the Annual General Meeting for payment on 23 July 2010.

\* The NAV is unaudited and reflects the closing bid price of quoted securities at 31 May 2010. Unlisted companies are normally valued on a six-monthly basis and the NAV incorporates the Directors' valuation of unlisted investments as at 28 February 2010, adjusted for subsequent events where appropriate.

During the quarter ended 31 May 2010, investments totalling £878,000 were made in five unlisted companies.

During the same period, a combination of partial and complete disposals of one unlisted investment and three AIM quoted investments generated aggregate proceeds of £842,000 against cost of £681,000.

Between 1 June 2010 and the date of this statement, a total of £456,000 was invested in two unlisted companies. During the same post quarter-end period, £76,000 of loan stock was redeemed at par by an unlisted company, deferred consideration of £15,000 was received from the previous disposal of an unlisted investment; disposals of two AIM quoted investments generated aggregate proceeds of £23,000 against cost of £45,000; and £1,200,000 of UK treasury stock was redeemed at par.

With effect from the close of the Annual General Meeting held on 8 July 2010, and in accordance with the statement made in the Annual Report for the year ended 28 February 2010, John Pocock has replaced Fiona Wollocombe as Chairman of the Company; Mrs Wollocombe will remain a Director until the conclusion of the year ending 28 February 2011.

Other than described above and changes in the value of investments quoted on regulated markets, the Board is not aware of any material events during the period from 1 March to 31 May 2010, or in the period from 1 June 2010 to the date of this announcement, which would have had a material impact on the financial position of the Company.

Issued on behalf of the Board

Maven Capital Partners UK LLP, Secretary

13 July 2010