Maven I&g Vct5 Regulatory News (MIG5)

Maven Income and Growth VCT 5 PLC

Directorate Changes

The Board of Maven Income and Growth VCT 5 PLC is pleased to announce the appointment of Mr Allister Langlands and Mr Charles Young as Non-executive Directors with effect from 1 June 2013. Mr Langlands and Mr Young will also both serve on the Company's Audit, Management Engagement, Nomination and Remuneration Committees.

Mr Langlands is Chairman of John Wood Group PLC, having served as chief executive from 2007 to 2012 and previously as deputy chief executive from 1999 and as group finance director from 1991.

Allister has an MA (Hons) in Economics from the University of Edinburgh and completed the Harvard Advanced Management Program in 1999. He is also a member of the Institute of Chartered Accountants of Scotland, having trained with Deloitte Haskins & Sells (now PricewaterhouseCoopers) before being made a partner in 1989.

Mr Young is chief executive of E G Thomson (Holdings) Limited, a private investment company. He is also a non-executive director of Ben Line Agencies Limited and Exakt Precision Tools Limited, and his recent former directorships include Minoan Group Plc.

Charles is a Bachelor of Laws and is a member of the Institute of Chartered Accountants of Scotland, having trained with Arthur Young McClelland Moores & Co (now part of Ernst & Young). He was employed by The British Linen Bank Limited between 1979 and 1997, serving as a main board director from 1991 until 1997, as a director of its corporate finance division from 1986 to 1992 and as managing director of its private equity operations from 1992 to1997.

In relation to either of these appointments, there is no additional information required to be disclosed pursuant to Listing Rule 9.6.13 R.

These appointments are part of a succession plan, announced on 18 March 2013, for which the Board has considered a number of candidates with the intention that one or more of the then Directors would step down between the Annual General Meetings to be held in 2013 and 2014 in order to allow new Board members to be appointed. Each new Director will be subject to re-election by Shareholders at the first Annual General Meeting following their appointment and confirmation of any further changes to the constitution of the Board will be communicated fully to Shareholders in due course.

Maven Capital Partners UK LLP

Secretary

3 June 2013