17 September 2026

CORRECTION ANNOUNCEMENT: TRANSACTION IN OWN SHARES

India Capital Growth Fund Limited
LEI: 213800TPOS9AM7INH846

Transaction in Own Shares and Total Voting Rights

This announcement is a correction of the Transaction in Own Shares announcement published 16 September 2026. The number of Ordinary Shares in issue and the number of shares held in treasury were incorrectly stated in the announcement and the correct numbers are reported below.

The Board of India Capital Growth Fund Limited (the "Company") announces that on 15 September 2026, the Company purchased for treasury 75,000 ordinary shares of 1p each at a volume-weighted average price of 174.67p per share. The lowest/highest price paid per share was 174.50p/175.00p respectively.

Following the transaction, the Company's issued share capital comprises:

·    64,262,624 shares (excluding treasury shares)

·    48,239,549 shares held in treasury

·    112,502,173 shares (including treasury shares)

Therefore, the total number of ordinary shares with voting rights in issue in the Company is now 64,262,624.

The above figure (64,262,624) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

ENQUIRIES

About India Capital Growth Fund

India Capital Growth Fund Limited the LSE premium listed investment company registered and incorporated in Guernsey, was established to take advantage of long-term investment opportunities in companies based in India. ICGF predominantly invests in listed mid and small cap companies, although investments may also be made in large cap and private Indian companies where the Fund Manager believes long-term capital appreciation will be achieved. www.indiacapitalgrowth.com