Neptune-Calculus Income & Growth Regulatory News (NEP)

Annual Information Update

Neptune-Calculus Income & Growth VCT plc ('the Company') announces that in accordance with the requirements of the Prospectus Rule 5.2, the following information has been published or made available to the public during the period 5 May 2011 to 22 March 2012 in compliance with laws and rules dealing with the regulation of securities, issuers of securities and securities markets.

For the purpose of this update, the information is only referred to and full copies of each item can found at the locations specified below.

1. Announcements made via a Regulatory Information Service

2. Documents filed at Companies House

3. Documents sent by post to Shareholders

4. Location of full text of all announcements and filings

Copies of the announcements made via a Regulatory Information Service may be obtained from the website of the Regulatory News Service ('RNS') provided by the London Stock Exchange at www.londonstockexchange.com.

Documents submitted to the UK listing authority are available for inspection at the National Storage Mechanism via the website located at www.hemscott.com/nsm.do. Copies can also be obtained from the Company Secretary, Neptune-Calculus Income and Growth VCT plc, 104 Park Street, London W1K 6NF and are published on the website www.calculuscapital.com.

Copies of the documents filed at Companies House are available on the Companies House website at www.companieshouse.gov.uk or from Companies House, Crown Place, Cardiff, CF14 3UZ.

5. Accuracy of information

The information referred to above was up to date at the time of publication, but such information may have become out of date due to changing circumstances.

Lesley Watkins

Company Secretary