Maven Income and Growth VCT PLC

Net Asset Value (NAV) - Dividend Investment Scheme (DIS)

The Board of Maven Income and Growth VCT PLC (the Company) announced previously that the NAV per share of the Company as at 31 August 2020 was 44.35p. The Board also announced that an interim dividend of 1.00 p per share, in respect of the year ending 28 February 2021, would be paid on 20 November 2020 to Shareholders on the register at close of business on 23 October 2020 . Furthermore, in respect of Shareholders who had, by no later than 6 November 2020 , elected to participate in the DIS, the Company will use the amount paid in respect of the above interim dividend to subscribe for new ordinary shares of 10p each in the Company (Ordinary Shares) to be issued at a price equivalent to the latest announced NAV per share.

The Board confirms that, following the payment of the above interim dividend, the effective NAV per share of the Company will be 43.35p and that this will be the price used in the calculation of the number of Ordinary Shares to be allotted under the DIS in respect of the interim dividend, the issue of which will be confirmed in a separate announcement in due course.

Issued on behalf of the Board

Maven Capital Partners UK LLP

Secretary

13 November 2020