Mobeus Income & Growth 4 VCT plc

("the Company")

LEI:  213800IFNJ65R8AQW943

INTERIM MANAGEMENT STATEMENT

For the quarter ended 30 September 2021

Mobeus Income & Growth 4 VCT PLC presents an Interim Management Statement for the quarter ended

30 September 2021. The statement also includes relevant financial information between the end of the period and the date of this statement.

NET ASSET VALUE AND TOTAL RETURN PER SHARE

The NAV per share decreased by 1.19 pence in the quarter, principally due to an interim dividend for the 2021 financial year of 5.00 pence per share which was paid on 6 August 2021 (detailed under Dividends below).

DIVIDENDS

On 6 August 2021, an interim dividend of 5.00 pence per ordinary share in respect of the year ending

31 December 2021 was paid to all Shareholders whose names were on the Register on 9 July 2021.

CHANGE IN MANAGEMENT ARRANGEMENTS

On 30 September 2021, Mobeus Equity Partners LLP ("Mobeus"), the investment adviser to the Mobeus VCTs, including Mobeus Income & Growth 4 VCT PLC, completed the sale of its VCT fund and investment management business to Gresham House Asset Management Limited, a subsidiary of Gresham House plc ("Gresham House"). As part of the sale, the novation of the investment advisory arrangements from Mobeus to Gresham House occurred with effect immediately. For further details, please refer to the Company's website, under 'Shareholder literature' at www.mig4vct.co.uk.

INVESTMENT ACTIVITY DURING THE PERIOD

Follow-on investments during the period

On 5 August 2021, a follow-on investment of £0.70 million was made into My TutorWeb Limited ("MyTutor"), a digital marketplace connecting school pupils seeking one-to-one online tutoring.

On 29 September 2021, a follow-on investment of £0.15 million was made into Muller EV Limited ("Andersen EV"), a provider of premium electric vehicle (EV) chargers.

Realisation during the period

On 29 September 2021, the Company realised its investment in Proactive Group Holdings Limited ("Proactive"), generating cash proceeds of £1.89 million (net of transaction costs). Over the nearly four years this investment was held, it generated cash proceeds of £1.94 million compared to an original investment cost of £0.76 million, which is a multiple on cost of 2.6x and an IRR of 33.0%.

Partial realisation during the period

On 6 August 2021, the Company sold part of its original holding in My TutorWeb Limited ("MyTutor") to a large strategic investor, generating cash proceeds of £0.70 million and a realised gain of £0.51 million over the original cost of the equity shares sold.

INVESTMENT ACTIVITY AFTER THE PERIOD END

Follow-on investments after the period end

On 8 October 2021, a follow-on investment of £0.11 million was made into Preservica Limited, a seller of proprietary digital archiving software.

INTENTION TO LAUNCH JOINT OFFERS FOR SUBSCRIPTION

On 8 November 2021, the Company, Mobeus Income & Growth VCT plc, Mobeus Income & Growth 2 VCT plc and The Income & Growth VCT plc, announced the intention to launch joint offers for subscription for new ordinary shares (the "Offers") in the current 2021/22 tax year.

The prospectus, which will contain the full details and terms and conditions of the Offers, is planned to be available early in 2022.  A further announcement will be made when the prospectus is available.

Please note that all of the above information is unaudited.

Other than as described above, there were no material events during the period and to the date of this announcement.

For further information, please contact:

Gresham House Asset Management Limited, Company Secretary: +44 (0)20 7382 0999