Issue of Equity

Mobeus Income & Growth VCT plc(the "Company") 31 March 2014 Issue of Equity The Company announces that on 31 March 2014 it allotted and issued 2,152,745new Ordinary Shares of 1p each. These new shares in the Company have beenissued subsequent to the linked offer for subscription with The Income & GrowthVCT plc, Mobeus Income & Growth 2 VCT plc and Mobeus Income & Growth 4 VCT plclaunched on 28 November 2013 to raise up to £34 million ("the Offer"). Inaccordance with the allotment formula set out in the prospectus for the Offer,the new Ordinary Shares were issued at prices between 105.61 and 110.80 penceper share, depending on the adviser charge (if applicable) and the number ofshares issued (after taking roundings into account) pertaining to eachapplication. Application will be made for the new Ordinary Shares to be admitted to theOfficial List of the UK Listing Authority and dealings are expected to commenceon 4 April 2014. Following this allotment, the issued share capital of the Company is 58,371,063Ordinary Shares of 1p each. A total of £26.08 million has been raised to date under the Offer, of which£6.52 million has been raised for Mobeus Income & Growth VCT plc. For further information please contact:

Sarah Penfold at Mobeus Equity Partners LLP, Company Secretary, on 020 70247616.