Net Asset Value(s)

Maven Income and Growth VCT 4 PLC

Net Asset Value

The Directors confirm:

· Net asset value (NAV)1 of 85.54p per Ordinary Share as at 31 March 2018, compared to 85.97p at 31 December 2017;

· NAV total return2 of 145.44p per Ordinary Share as at 31 March 2018, compared to 145.87p at 31 December 2017; and

· As announced on 17 May 2018, a second interim dividend has been declared in respect of the year ending 31 December 2018, with 4.80p per Ordinary Share to be paid on 22 June 2018 to Shareholders on the register at close of business on 25 May 2018.

Notes:

1The NAV at 31 March 2018 is unaudited and reflects the closing bid price of quoted securities as at that date. The NAV includes the value of the above second interim dividend, and the previous interim dividend of 8.90p per Ordinary Share paid on 13 April 2018. Investments in unlisted companies are normally valued on a six monthly basis and the NAV incorporates the Directors' valuation of unlisted investments as at 31 December 2017, adjusted for subsequent events where appropriate. There have been no material changes in the valuations of any of the unlisted investments during the period from 31 December 2017 to the date of this announcement.

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

Issued on behalf of the Board

Maven Capital Partners UK LLP

Secretary

18 May 2018