Issue of Equity

Maven Income and Growth VCT 5 PLC (the Company)

Issue of Equity

On 23 October 2020, the Company launched an offer for subscription for new ordinary shares of 10p each (Ordinary Shares) to raise up to £10 million, with an over-allotment facility for up to a further £10 million (the Offer). On 8 February 2021, the Company announced that the Board of the Company had resolved to exercise its discretion to utilise the over-allotment facility of £10 million. On 1 April 2021, the Company announced that, as the over-allotment facility had been utilised in full, the Offer had closed fully subscribed.

Pursuant to the Offer, and the £783,550 of valid applications received in respect of the 2021/2022 tax year, the Company has issued and allotted 2,071,074 new Ordinary Shares on 4 May 2021. In accordance with the allotment formula set out in the Prospectus for the Offer, the offer prices at which the shares were issued were in the range of 37.37p to 38.34p per Ordinary Share.

In respect of this allotment, an application will be made by the Company to the FCA Listing Authority and to the London Stock Exchange for the new Ordinary Shares so issued to be admitted to the Official List and to trading on the London Stock Exchange's main market for listed securities. It is expected that the admission of the new Ordinary Shares will become effective and dealings will commence on or around 10 May 2021.

Following this final allotment, a total of 53,810,605 Ordinary Shares have been issued by the Company pursuant to the Offer, and the number of Ordinary Shares now in issue is 177,166,525. Therefore, the total number of voting rights in the Company is 177,166,525.

The above statement of Voting Capital may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest, in the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information, please contact:

Maven Capital Partners UK LLP

Telephone: 0141 306 7400

E-mail: enquiries@mavencp.com

Maven Capital Partners UK LLP

Company Secretary

4 May 2021