NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION, INCLUDING IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA.

Gresham House Income & Growth VCT plc      (LEI: 213800FPC15FNM74YD92)

Gresham House Income & Growth 2 VCT plc   (LEI: 213800HKOSEVWS7YPH79)

(the "Companies" and each a "Company")

 27 January 2026

Update on the Launch of Joint Offers for Subscription

Following the announcement by the boards of the Companies (the "Boards") on 12 December 2025 of the intention of the Companies to launch joint offers for subscription for new ordinary shares (the "Offers") during the 2025/2026 tax year, the Boards further announce that each Company shall seek to raise up to £32.5 million, with an over-allotment facility to raise up to a further £15 million.

The Companies intend to seek the Financial Conduct Authority's approval of the joint prospectus with an anticipated publication date of 2 February 2026, with the Offers expected to open to applications at 12 noon on 5 February 2026.

A further announcement will be made when the prospectus is available.

For further information, please contact:

Gresham House Asset Management Limited

Company Secretary

Telephone: 020 7382 0999

Important Information

This announcement and the information contained herein is not intended to, and does not, constitute or form part of any offer, invitation, or the solicitation of an offer, to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities or the solicitation of any vote or approval in any jurisdiction.

The distribution of this announcement in jurisdictions other than the United Kingdom and the availability of the Offer to persons who are not resident in the United Kingdom may be affected by the laws of relevant jurisdictions. Therefore, any persons who are subject to the laws of any jurisdiction other than the United Kingdom will need to inform themselves about, and observe, any applicable requirements.