The Income & Growth VCT plc

(the "Company")

LEI:  213800FPC15FNM74YD92

Realisation of investment in Media Business Insight Holdings Limited - Replacement

CORRECTION - INCLUSION OF MISSED HISTORIC INTEREST RECEIPT

The Company is pleased to announce the sale of its investment in Media Business Insight Holdings Limited ("MBI") on 9 June 2022. The Company has received £5.56 million in cash from the sale, generating a realised gain over cost over the life of the investment of £4.51 million, being the equivalent of 3.49 pence per share. Escrow retention amounts of up to £0.05 million may be receivable in due course.

In isolation, the impact of this sale on the Company's latest announced NAV per share of 98.79 pence at 31 March 2022, would be an increase of 0.56 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 31 March 2022.

The NAV per share at 31 March 2022 of 98.79 pence above has not been adjusted for a 4.00 pence dividend that is payable to shareholders on 8 July 2022, which became ex-div on 1 June 2022.

To date, cash proceeds have been received over the life of the investment of £8.18 million, against an original cost of £3.67 million. This represents a return to date for the Company of 2.2 times the original investment cost and an IRR of 13.7% in the 7 years that this investment was held.

The Company expects to announce an updated NAV per share as at 30 June 2022 in mid-September.

For further information, please contact:

Gresham House Asset Management Limited,

Company Secretary

+44 (0)20 7382 0999