Realisation of Investment

The Income & Growth VCT plc

(the "Company")

LEI: 213800FPC15FNM74YD92

Realisation of investment in Blaze Signs Holdings Limited

The Company is pleased to announce the sale of its investment in Blaze Signs Holdings Limited ("Blaze") to a private equity fund advised by Elaghmore Advisor LLP. The Company has received £1.20 million in cash from the sale, generating a realised gain over cost over the life of the investment of £2.06 million, being the equivalent of 1.78 pence per share.

In isolation, the impact of this sale on the Company's latest announced NAV per share (adjusted for subsequent dividends) of 65.46 pence at 31 March 2020, would be an increase of 0.91 pence per share. The Company emphasises that the increase in NAV per share from this realisation is in isolation from other changes in the Company's balance sheet, including valuation and other transaction movements in the Company's investment portfolio, that may also have affected the NAV per share at 30 June 2020. The Board expects that this NAV per share at 30 June 2020 will be released mid-September 2020.

All four Mobeus-advised VCTs realised their investment in Blaze. Cash proceeds have been received by the four Mobeus-advised VCTs over the life of their investment in Blaze of £13.81 million, against an original investment cost of £5.30 million. This represents a return for the Mobeus VCTs in aggregate of 2.6 times the original investment cost and an IRR of 13% in the 14 years that this investment was held.

For further information, please contact:

Mobeus Equity Partners LLP, Company Secretary 020 7024 7600