Maven Income and Growth VCT PLC

Net Asset Value (NAV) and Interim Dividend

The Directors of Maven Income and Growth VCT PLC (the Company) confirm that the unaudited NAV of the Company as at 31 August 2022 was 42.74p per Ordinary Share.

As Shareholders will be aware from recent Annual and Interim Reports, decisions on distributions take into consideration the availability of surplus revenue, the realisation of capital gains, the adequacy of distributable reserves and the VCT qualifying level. These factors are kept under close and regular review by the Board and the Manager, both of whom recognise the importance of tax-free distributions to Shareholders.

In light of recent realisation activity, the Board is pleased to declare that, in respect of the year ending 28 February 2023, an interim dividend of 1.10p per Ordinary Share will be paid on 2 December 2022 to Shareholders on the register at close of business on 4 November 2022. Since the Company's launch, and after receipt of that latest interim dividend, 104.26p 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)

Your Company operates a DIS, through which Shareholders may elect to have their dividend payments utilised to subscribe 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 relief applicable for the tax year in which they are allotted, subject to an individual Shareholder's circumstances.

Shareholders can elect to participate in the DIS in respect of future dividends, including the interim dividend due to be paid on 2 December 2022, by completing a DIS mandate. The mandate form must be received by the Registrar (The City Partnership) before 18 November 2022, this being the next dividend election date. The mandate form, terms & conditions and full details of the scheme and tax considerations are available from the Company's website at www.mavencp.com/migvct. Election to participate in the DIS can also be made through the Registrar's share portal at 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 August 2022 has been, or will be, notified to a regulatory information service.

Issued on behalf of the Board

Maven Capital Partners UK LLP

Secretary

14 October 2022