Annual Financial Report

GABELLI VALUE PLUS+ TRUST PLC

(the "Company")

7 July 2020

LEI: 213800FZFN1SD1GNNZ11

Annual Report for the year ended 31 March 2020

The Annual Report for the year ended 31 March 2020 has been sent to shareholders, together with the Notice of Annual General Meeting and letters to shareholders from Investec Wealth & Investment Limited, a shareholder in the Company, and from GAMCO Investors., Inc., the ultimate parent company of Gabelli Funds, LLC, the Company's discretionary investment manager.

Copies of the Annual Report for the year ended 31 March 2020, including the Notice of Annual General Meeting and the letters to shareholders will be submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Manager's website: https://www.gabelli.co.uk/the-gabelli-value-plus-trust/.

Neither the contents of the Manager's website nor the contents of any website accessible from hyperlinks on the website (or any other website) is incorporated into, or forms part of, this announcement.

For further information please contact:

Maitland Administration Services Limited

Secretary

Email: cosec@maitlandgroup.co.uk

Phone: +44 (0) 1245 398950