Interim Management Statement

Maven Income and Growth VCT PLC (the Company)

Interim Management Statement - quarter ended 31 May 2014

This Interim Management Statement, for the quarter ended 31 May 2014, is provided in accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority and also includes relevant information in respect of the period from 1 June 2014 to the date of this announcement. This statement has been prepared solely to provide additional information in order to meet the relevant requirements of the UK Listing Authority's Disclosure and Transparency Rules, and should not be relied on by Shareholders, or any other party, for any other purpose.

· Net Asset Value (NAV)1 of 68.63p per share at 31 May 2014, compared to 68.1p per share at 28 February 2014;

· NAV total return2 of 123.93p per share at 31 May 2014, compared to 123.4p per share at 28 February 2014;

· Final dividend of 3.5p per share in respect of the year ending 28 February 2014 to be paid on 18 July 2014

1The NAV is unaudited and reflects the closing bid price of quoted securities at 31 May 2014. Unlisted companies are normally valued on a six-monthly basis and the NAV incorporates the Directors' valuation of unlisted investments as at 28 February 2014, adjusted for subsequent events where appropriate.

2NAV total return is the sum of NAV per share and dividends paid per share since launch.

During the quarter ended 31 May 2014, a total of £2,271,496 was invested in six unlisted companies and a net amount of £499,802 was invested in UK government securities. Proceeds of £1,257,937 were received from the disposal of holdings in five unlisted companies, against a total cost of £1,232,397; and the disposal of two quoted investments generated proceeds of £12,374 against an invested cost of £18,319.

Between 1 June 2014 and the date of this Statement, investments totalling £886,258 were made in five unlisted companies; and capital proceeds of £119,218 were received from one quoted and one unlisted company resulting in a total realised gain of £83,439. During the same period £1,000,000 of UK government securities were also realised.

Other than as described above and any changes in the value of investments quoted on regulated markets, the Board is not aware of any material events during the period from 1 March 2014 to 31 May 2014, or in the period from 1 June 2014 to the date of this announcement, which would have had a material impact on the financial position of the Company.

Issued on behalf of the Board

Maven Capital Partners UK LLP

Secretary

11 July 2014