Net Asset Value & Final Dividend

Maven Income and Growth VCT PLC

Net Asset Value

The Directors of Maven Income and Growth VCT PLC (the Company) confirm that the unaudited net asset value (NAV) of the Company as at 29 February 2020 was 46.35p per Ordinary Share.

Subsequent to the year end, having assessed the likely impact across the portfolio from the global COVID-19 pandemic, the Directors announced on 26 March 2020 that, as at 20 March 2020, the unaudited NAV of the Company was 43.49p per share.

The NAVs as at 29 February and 20 March 2020 are both unaudited and reflect the closing bid prices of quoted securities as at that date. Investments in unlisted companies are normally valued on a six-monthly basis and the NAV as at 20 March 2020 incorporates the Directors' valuation of unlisted investments as at 29 February 2020, adjusted for subsequent events where appropriate. The Board and the Manager remain in regular contact as they review the evolving COVID-19 situation, and its impact on the Company's portfolio and NAV. Further updates will be provided to Shareholders when required.

Final Dividend

Whilst your Company does not have a specific dividend target, the Board and the Manager recognise the importance of tax-free distributions to Shareholders and, following recent realisation activity, are pleased to propose a final dividend of 2.00p per Ordinary Share in respect of the year ended 29 February 2020. Subject to Shareholder approval at the 2020 AGM, the final dividend will be paid on 31 July 2020 to Shareholders on the register at 3 July 2020 and will bring total distributions for the year to 4.00p per Ordinary Share.

Dividend Investment Scheme (DIS)

As announced on 26 March 2020, in light of the current volatility in financial markets caused by the COVID-19 pandemic, the Board had decided that it was appropriate to suspend the DIS. Therefore, until further notice, all subsequent dividends, including the above final distribution proposed in respect of the year ended 29 February 2020, will be paid to all Shareholders by either cheque or by bank transfer using existing mandate instructions. Written confirmation of this suspension in the operation of the DIS will be issued to those Shareholders who have elected to participate.

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 close period leading up to the announcement of its annual results for the year ended 29 February 2020 has been notified to a regulatory information service.

Issued on behalf of the Board

Maven Capital Partners UK LLP

Secretary

21 April 2020