MIG4.L Regulatory News (MIG4)

Joint Announcement

Offer for Subscription and Issue of Prospectus

Mobeus Income & Growth VCT plc, Mobeus Income & Growth 2 VCT plc, Mobeus Income & Growth 4 VCT plc and The Income & Growth VCT plc (together "the Companies" and each a "Company"). The Companies are advised by Mobeus Equity Partners LLP ("Mobeus").

The Boards of the Companies are pleased to announce the launch of offers for subscription to raise, in aggregate, up to £39 million ("the Offers" and each an "Offer").

In contrast to previous offers by the Companies, this year's Offers allow investors to select which of the Companies they wish to invest in. Investors can apply to invest equally in all of the Companies or different amounts in one or more of the Companies (subject to an Offer not having closed prior to the Application Form being processed). The amount subscribed under each Offer will be invested into new ordinary shares of 1p each in the relevant Company.

The Offers open today and will close at 12.00 noon on 2 April 2015 (unless fully subscribed by an earlier date or otherwise closed at the Directors' discretion).

Investors who successfully apply for shares pursuant to the Offers up to the earlier of the first £15 million being raised or 6 February 2015, will be eligible to receive an early investment incentive discount of 1%.

Pursuant to an offers' agreement dated 10 December 2014 relating to each Offer between, among others, each relevant Company and Mobeus, Mobeus will receive a fee of an amount representing 3.25% of the investment amounts in respect of applications accepted under the relevant Offer, less (i) an amount equal to the early investment incentive discount in respect of such applications and less (ii) any 'execution only' initial commission offered by Mobeus in respect of such applications, but waived by the 'execution only' intermediary concerned, and less (iii) any additional amounts by which Mobeus has agreed to reduce its fees further (in whole or part) in respect of such applications (such amount being inclusive of VAT). As Mobeus is a related party of each Company under the Listing Rules, the payment of such fee by each Company to Mobeus is a transaction to which Listing Rule 11.1.10 applies.

Full details of the Offers are contained in the summary, securities note and registration document, which together constitute a prospectus ("the Prospectus"), which was published by the Companies today. The Prospectus will shortly be available for download from Mobeus' website: www.mobeusequity.co.uk/investor_area/fundraising.

The Prospectus has also been submitted to the Financial Conduct Authority and will shortly be available for inspection at the National Storage Mechanism, which is located at www.morningstar.co.uk/uk/nsm

For further information, please contact:

Mobeus Equity Partners LLP

Rob Brittain

Telephone: 020 7024 7600