Company Announcements

Maven Income and Growth VCT PLC

Unaudited Net Asset Value (NAV) and Interim Dividend

The Directors confirm:

·         Unaudited net asset value (NAV)¹ of 39.22p per Ordinary Share as at 31 May 2025, compared to 39.37p at 28 February 2025; and

·         NAV total return² of 147.93p per Ordinary Share as at 31 May 2025, compared to 148.08p at 28 February 2025.

The Directors understand the importance of tax free distributions to Shareholders and, as announced in the 2025 Annual Report, have enhanced the dividend policy by increasing the target annual yield from 5% to 6% of the NAV per Ordinary Share at the immediately preceding year end. Shareholders should be aware that this remains a target and that 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. As the portfolio continues to expand and the proportion of younger, growth companies increase, the timing of distributions will be more closely linked to realisation activity, whilst also reflecting the requirement to maintain the VCT qualifying level.

In line with the new policy, and following the realisation of the investment in Horizon Ceremonies in July 2025, the Board is pleased to declare that an increased interim dividend of 1.50p per Ordinary Share, in respect of the year ending 28 February 2026, will be paid on 29 August 2025 to Shareholders who are on the register at close of business on 25 July 2025. Since the Company's launch, and after receipt of this interim dividend, 111.46p 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 has in place a DIS, through which Shareholders may elect to have their dividend payments used to subscribe for new Ordinary Shares issued by the Company under the standing authority granted by 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 particular circumstances. 

Shareholders can elect to participate in the DIS in respect of future dividends, including the interim dividend, which is due to be paid on 29 August 2025, by completing a DIS mandate that must be received by the Registrar (The City Partnership) before the next dividend election date, being 8 August 2025. The mandate form, terms & conditions and full details of the scheme (including tax considerations) are available from the Company's website 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/login.

Notes:

¹The NAV at 31 May 2025 is unaudited and reflects the closing bid price of quoted securities as at that date. Investments in unlisted companies are normally valued on a six monthly basis and the NAV incorporates the Directors' valuation of unlisted investments as at 28 February 2025, adjusted for subsequent events where appropriate. There have been no material changes in the valuations of any of the unlisted investments during the period from 28 February 2025 to the date of this announcement.

²NAV total return is the sum of NAV per Ordinary Share and dividends paid per Ordinary Share since launch.

Issued on behalf of the Board

Maven Capital Partners UK LLP

Secretary

11 July 2025