Maven Income and Growth VCT 5 PLC

Unaudited Net Asset Value (NAV) and Enhanced Interim Dividend

The Directors of Maven Income and Growth VCT 5 PLC (the Company) confirm that the unaudited NAV of the Company as at 31 May 2022 was 37.98p per Ordinary Share and that it reflects the payment on 4 May 2022 of the final dividend of 1.00p per Ordinary Share in respect of the year ended 30 November 2021.

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. The Board and the Manager recognise the importance of tax-free distributions to Shareholders and, subject to the conditions set out above, will seek, as a guide, to pay an annual dividend that represents 5% of the NAV per share at the preceding year end.

Following the realisation of the majority of the holding in AIM quoted Ideagen PLC, the largest holding in the Company's AIM portfolio, the Board is pleased to declare that an enhanced interim dividend in respect of the year ending 30 November 2022 of 3.00p per Ordinary Share will be paid on 26 August 2022 to Shareholders on the register at close of business on 29 July 2022. Since the Company's launch, and after receipt of this latest interim dividend, 49.65p 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 (DIS)

The Company has in place a 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 26 August 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 12 August 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 interim results for the six months ended 31 May 2022 has been or will be notified to a regulatory information service.

Issued on behalf of the Board

Maven Capital Partners UK LLP

Company Secretary

12 July 2022