Maven Income and Growth VCT PLC

Issue of Equity - Dividend Investment Scheme

The Board of Maven Income and Growth VCT PLC (the Company) confirms that, on 3 December 2021 and under its Dividend Investment Scheme (DIS), the Company issued and allotted 281,697 new Ordinary Shares of 10p each at a price of 44.70p per share which, under the Terms and Conditions of the DIS, is equivalent to the latest announced net asset value per share.

As a result, and in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, the Company confirms that its issued share capital as at 3 December 2021 comprises 135,803,293 Ordinary Shares of 10p each, with each share carrying one voting right. The above figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required, under the Disclosure Guidance and Transparency Rules, to notify their interest, or a change to their interest, in the Company.

Application has been made to the Financial Conduct Authority and the London Stock Exchange for the new Ordinary Shares issued under the DIS to be admitted to the Official List and to trading on the London Stock Exchange's main market for listed securities. It is expected that admission will become effective and dealings will commence on, or around, 8 December 2021.

Issued on behalf of the Board

Maven Capital Partners UK LLP

Secretary

3 December 2021