Maven Income and Growth VCT 2 Regulatory News (MIG2)

Joint Announcement

Offers for Subscription - Maven VCT 1 Offer Fully Subscribed

Maven Income and Growth VCT plc ("Maven VCT 1"), Maven Income and Growth VCT 2 plc ("Maven VCT 2"), Maven Income and Growth VCT 3 plc ("Maven VCT 3"), Maven Income and Growth VCT 4 plc ("Maven VCT 4") and Maven Income and Growth VCT 5 plc ("Maven VCT 5") (together "the Companies" and each a "Company") are managed by Maven Capital Partners UK LLP ("Maven").

The Boards of the Companies launched offers for subscription to raise, in aggregate, up to £18 million ("the Offers" and each an "Offer"). Full details of the Offers are contained in a prospectus ("the Prospectus"), which was published by the Companies on 20 October 2014.

Further to the announcement of 7 January 2015 that the Maven VCT 4 Offer was closed for further applications, the Companies are pleased to announce that applications have now been received for the full amount available under the Maven VCT 1 Offer and, as such, the Maven VCT 1 Offer is now also closed for further applications. Prospective investors can still apply to invest amounts of their choice in one or more of the remaining Offers or invest an equal amount in each of the Companies (save for Maven VCT 1 and Maven VCT 4) and the amount subscribed under each remaining Offer will be invested in new ordinary shares of 10p each in the relevant Company.

The remaining Offers will close at 12.00 noon on 28 April 2015 (unless fully subscribed by an earlier date or otherwise extended or closed at the Directors' discretion). Persons intending to apply under the remaining Offers for the 2014/2015 tax year should note that the deadline for such applications is 12.00 noon on 1 April 2015.

The Prospectus was submitted to the Financial Conduct Authority and copies of the Prospectus are available for download from the Companies' websites:

· www.mavencp.com/migvct

· www.mavencp.com/migvct2

· www.mavencp.com/migvct3

· www.mavencp.com/migvct4

· www.mavencp.com/migvct5

and from the National Storage Mechanism (http://www.hemscott.com/nsm.do). For further information, please contact:

Maven Capital Partners UK LLP

Telephone: 0141 306 7400

E-mail: enquiries@mavencp.com

Maven Capital Partners UK LLP

Secretary

20 January 2015