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 2023 was 40.87p per Ordinary Share, after payment of the final dividend on 1.15p per Ordinary Share in respect of the year ended 28 February 2023.

As Shareholders will be aware from recent Annual and Interim Reports, the decisions on distributions take into consideration a number of factors, including the realisation of capital gains, the adequacy of distributable reserves, the availability of surplus revenue and the VCT qualifying level, all of which are kept under close and regular review. 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.

The Board is pleased to declare that, in respect of the year ending 29 February 2024, an interim dividend of 1.00p per Ordinary Share will be paid on 1 December 2023 to Shareholders on the register at close of business on 3 November 2023. Since the Company's launch, and after receipt of this latest dividend, 106.41p per Ordinary 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 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.

Shareholders who wish to participate in the DIS in respect of future dividends, including the interim dividend due to be paid on 1 December 2023, should ensure that a DIS mandate or CREST instruction, as appropriate, is received by the Registrar The City Partnership in advance of 17 November 2023, 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 webpage at: mavencp.com/migvct. Election to participate in the DIS can also be made through the Registrar's online investor hub at: maven-cp.cityhub.uk.com. 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. If a Shareholder is in any doubt about the merits of participating in the DIS, or their own tax status, they should seek advice from a suitably qualified adviser.

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 2023 has been, or will be, notified to a regulatory information service.

Issued on behalf of the Board

Maven Capital Partners UK LLP

Secretary

5 October 2023