Maven Income and Growth VCT 5 PLC

Net Asset Value and Proposed Final Dividend

The Directors of Maven Income and Growth VCT 5 PLC (the Company) confirm that the unaudited net asset value of the Company as at 30 November 2021 was 38.99p per Ordinary Share.

The Directors propose that a final dividend of 1.00p per Ordinary Share in respect of the year ended 30 November 2021, be paid on 4 May 2022 to Shareholders on the register at close of business on 1 April 2022.

As Shareholders will be aware from recent Annual and Interim Reports, decisions on distributions take into consideration a number of factors, including the availability of surplus revenue, the realisation of capital gains, the adequacy of distributable reserves and the VCT qualifying level. These factors are all kept under close and regular review by the Board and the Manager, who recognise the importance of tax-free distributions to Shareholders and remain committed to a programme of dividends in accordance with the Company's stated policy.

Since the Company's launch, and after receipt of this final dividend, 46.65p per share will have been distributed in tax-free dividends. It should be noted that the effect of paying dividends is to reduce the NAV of the Company by the total cost of the distribution.

Dividend Investment Scheme

The Company has in place a Dividend Investment Scheme (DIS) through which Shareholders may elect to have their dividend payments used to apply for new Ordinary Shares issued by the Company under the standing authority requested from Shareholders at Annual General Meetings. Shares issued under the DIS should qualify for VCT tax reliefs applicable for the tax year in which they are allotted. Terms & conditions of the scheme, together with a mandate form, are available from the Company's website at: www.mavencp.com/migvct5.

Shareholders who have not previously applied to participate in the DIS and who wish to do so in respect of the dividend payable on 4 May 2022, should ensure that a mandate form is received by the Company's Registrars, The City Partnership (UK) Limited, prior to the dividend election date of 19 April 2022.  Election to participate in the DIS can also be made through the Registrar's share portal at https://maven-cp.cityhub.uk.com.

Further to the information disclosed above, the Directors confirm that they are satisfied that all inside information (as defined by Article 7 of the Market Abuse Regulation (596/2014/EU)) that the Directors and the Company may have in their possession relating to the Company during the 30 day closed period leading up to the announcement of its annual results for the year ended 30 November 2021 has been or will be notified to a regulatory information service.

Issued on behalf of the Board

Maven Capital Partners UK LLP

Company Secretary

4 February 2022