Maven Income and Growth VCT 2 Regulatory News (MIG2)

Maven Income and Growth VCT 4 PLC

Maven Income and Growth VCT 2 PLC

13 September 2018

Possible merger of Maven Income and Growth VCT 4 PLC ("Maven VCT 4") and Maven Income and Growth VCT 2 PLC ("Maven VCT 2") (together the "Companies")

The boards of directors of the Companies announce that they have entered into discussions regarding a possible merger of the Companies (the "Merger"). These discussions may or may not lead to an agreement to merge the Companies. If the Merger is to proceed, the current intention is that it will be undertaken by way of a scheme of reconstruction under s.110 of the Insolvency Act 1986 by transferring the assets and liabilities of Maven VCT 2 to Maven VCT 4 in consideration for the issue of new ordinary shares in Maven VCT 4 to the Maven VCT 2 shareholders on a relative net asset value basis. A merger solely on this basis would be outside the provisions of The City Code on Takeovers and Mergers.

If the Merger is to proceed, it will require formal approval from the shareholders of both Companies. If the Merger is approved, it is expected to achieve costs savings through the establishment of a larger combined fund.

If the Merger proceeds, it is anticipated that the Prospectus and Circulars required under the Listing Rules and companies legislation would be despatched to shareholders in October 2018, with shareholder general meetings taking place in early November 2018, and completion in mid-November 2018.

A further announcement will be made in due course.

The information contained within this announcement is deemed by the Companies to constitute inside information as stipulated under the Market Abuse Regulations (EU number. 596/2014). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

For additional information, please contact:

Maven Capital Partners UK LLP

Secretary to the Companies

Telephone: 0141 306 7400

E-mail: enquiries@mavencp.com

13 September 2018