Maven Income and Growth VCT 2 Regulatory News (MIG2)

Maven Income and Growth VCT 2 PLC (the Company)

Interim Management Statement - quarter ended 31 October 2013

This Interim Management Statement, for the quarter ended 31 October 2013, 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 November 2013 to the date of issue. This Statement has been prepared solely to provide 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.

1. Financial highlights

· Net asset value (NAV)* of 57.0p at 31 October 2013, compared to 56.9p on 31 July 2013;

· Total of 205,000 Ordinary Shares bought back for cancellation; and

· Interim dividend of 1.85p per Ordinary Share paid on 1 November 2013.

\* The NAV at 31 October 2013 is unaudited, includes the value of the interim dividend and reflects the closing bid price of quoted securities as at that date. Unlisted companies are normally valued on a six-monthly basis; the NAV incorporates the Directors' valuation of unlisted investments as at 31 July 2013, adjusted for subsequent events where appropriate.

2. Investments and disposals

During the quarter ended 31 October 2013, additional funding of £47,471 was provided to two existing unlisted portfolio companies. In the same period, £308,223 was raised from the redemption of loan stock by three unlisted companies, with £21,408 of redemption premium also being received; and the partial disposals of two AIM quoted holdings generated aggregate proceeds of £24,469 against a total cost of £18,819.

In addition, four portfolio companies were struck off the Register during the period but this had no impact on the Company's NAV as a full provision against the cost of each holding had been made in prior years.

3. Offer for Subscription

On 24 October 2013, the Company launched an Offer for Subscription with a view to raising £4 million of additional capital. The Offer is being made in conjunction with Maven Income and Growth VCT PLC, Maven Income and Growth VCT 3 PLC and Maven Income and Growth VCT 4 PLC, each also aiming to raise up to £4 million, and Maven Income and Growth VCT 5 PLC and Maven Income and Growth VCT 6 PLC which are aiming to raise up to £3 million and £1 million respectively.

Approval for the issue of shares under the Offer was granted by Shareholders at a General Meeting held on 27 November 2013. It is anticipated that the Offer will remain open until 5 April 2014 in respect of the 2013/14 tax year and until 30 April 2014 in respect of the 2014/15 tax year, unless fully subscribed at an earlier date and subject to the Directors' right to close or extend the Offer at any time. Full terms and conditions of the Offer are set out in the Prospectus which is available at www.mavencp.com/migvct2.

4. Recent developments

Between 31 October 2013 and the date of this statement, investments totalling £363,207 were made in two new unlisted companies; £16,188 of additional funding was provided to an existing unlisted portfolio company; £18,595 of deferred consideration was received from the previous disposal of an unlisted holding; and the partial disposal of an AIM quoted holding generated proceeds of £19,719 against a cost of £16,765.

Other than as described above and the impact of movements related to the prices of shares in quoted securities, the Board is not aware of any material events during the period from 1 August 2013 to 31 October 2013, or in the period from 1 November 2013 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 December 2013