Maven Income and Growth VCT 5 PLC

Unaudited Net Asset Value

The Directors confirm:

·        Net asset value (NAV)¹ of 34.18p per Ordinary Share as at 31 May 2023, after payment of the final dividend of 0.50p per share on 5 May 2023, compared to 35.45p as at 28 February 2023;

·        NAV total return² of 84.33p per Ordinary Share as at 31 May 2023, compared to 85.10p as at 28 February 2023.

Notes:

¹The NAV as at 31 May 2023 is unaudited and reflects the closing bid price of quoted securities as at that date. Investments in unlisted companies are normally valued on a six-monthly basis and the NAV incorporates the Directors' valuation of unlisted investments as at 31 May 2023, adjusted for subsequent events where appropriate. There have been no material changes in the valuations of any of the unlisted investments during the period from 31 May 2023 to the date of this announcement.

²NAV total return is the sum of NAV per share and dividends paid per share since launch.

Issued on behalf of the Board

Maven Capital Partners UK LLP

Secretary

11 July 2023