Issue of Equity

AMENDED ANNOUNCEMENT

This announcement replaces the Issue of Equity announcement released by the Company at 16:03 on 7-Jul-16

The Income & Growth VCT plc

7 July 2016

Issue of Equity

The Company announces that on 7 July 2016 it allotted and issued 791,329 new Ordinary Shares of 1p each under the Company's Dividend Investment Scheme ("the Scheme") at a price of 87.00 pence per share.

Application will be made for the new Ordinary Shares to be admitted to the Official List of the UK Listing Authority and dealings are expected to commence on or around Wednesday, 13 July 2016.

Following this allotment, the issued share capital of the Company is 71,956,117 Ordinary Shares.

For further information please contact:

Sarah Penfold at Mobeus Equity Partners LLP, Company Secretary, on 020 7024 7600.