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")

5 February 2026

Offers for Subscription - Offers Now Open for Applications

This announcement is made jointly by Gresham House Income & Growth VCT plc ("GHV1") and Gresham House Income & Growth 2 VCT plc ("GHV2"), which are advised by Gresham House Asset Management Limited ("Gresham House").

On 2 February 2026, the Companies announced the publication of a prospectus ("Prospectus") to launch new offers for subscription to raise, in aggregate, up to £65 million, with over-allotment facilities to raise, in aggregate, up to a further £30 million (together the "Offers" and each an "Offer") in the amounts below:

The Offers are now open for applications and will close for applications (unless fully subscribed earlier or otherwise at the discretion of the relevant Board) on 31 March 2026 in respect of the 2025/26 tax year, unless a Board decides to extend the Offer in relation to the relevant Company or the Offers are fully subscribed or otherwise closed by the respective Board before this time. If the Offers from either one or both Companies are not fully subscribed by 31 March 2026, the Directors reserve the right to allow their respective Offer to remain open for at least part of the 2026/27 tax year, but not beyond 27 January 2027. If a Board decides (in consultation with Gresham House) to utilise its Company's over-allotment facility, this will be advised through a RIS announcement. Full details of the Offers are contained in the Prospectus.

Investors can select which of the Companies they wish to invest in. Investors can apply to invest equally in both of the Companies or different amounts in one or both of the Companies (subject to an Offer not having closed prior to the application form being processed). The amount subscribed under each Offer will be invested into new ordinary shares of 1p each in the relevant Company.

Applications under an Offer will be accepted on a 'first-come, first-served' basis, subject always to the discretion of the relevant Company's board of directors. For these purposes 'first-come, first-served' shall be assessed based on the date and time of receipt of a fully completed application, subject to receipt of application monies (in full) in cleared funds within five business days thereafter (or, if earlier, before an Offer deadline or close of the Offer) to retain the applicant's position of priority.

The Prospectus and application forms are available for download from:

https://greshamhouse.com/strategic-equity/private-equity/the-gresham-house-vcts/gresham-house-vcts-offers-for-investment/

For further information, please contact:

Gresham House Asset Management Limited

Company Secretary

Telephone: 020 7382 0999

Please note that GHV1, GHV2 and Gresham House cannot give any financial, legal, tax or investment advice.