TIDMMIG

RNS Number : 1805E

Mobeus Income & Growth 2 VCT PLC

02 July 2019

Mobeus Income & Growth 2 VCT plc

(the "Company")

Realisation of investment in ASL Technology Holdings Limited

The Company is pleased to announce the sale of its investment in ASL Technology Holdings Limited ("ASL") to a trade purchaser on a debt free and cash free basis. The Company received GBP3.68 million in cash from the sale, and generated a realised gain over cost over the life of the investment of GBP2.47 million, being the equivalent of 5.10 pence per share.

In isolation, the impact of this sale on the Company's latest announced NAV per share of 99.60 pence at 31 March 2019, would be an increase of 1.01 pence per share.

All four Mobeus-advised VCTs realised their investment in ASL. Total cash proceeds received by the four Mobeus-advised VCTs over the life of their investment in ASL are GBP21.15 million, against an original investment cost of GBP9.69 million. This represents a return of 2.18 times the original investment cost and an IRR of over 12.6% for each VCT in the eight and a half years that this investment was held.

For further information, please contact:

Robert Brittain, for Mobeus Equity Partners LLP, Company Secretary 020 7024 7600

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