TIDMMIG

RNS Number : 3421U

Mobeus Income & Growth 2 VCT PLC

27 March 2023

Mobeus Income & Growth 2 VCT plc

(the "Company")

   LEI:   213800LY62XLI1B4VX35

Realisation of investment in Tharstern Group Limited

The Company is pleased to announce the sale of its investment in Tharstern Group Limited. The Company has received GBP1.55 million in cash from the sale generating a realised gain over cost over the life of the investment of GBP1.34 million, being the equivalent of 1.36 pence per share.

In isolation, the impact of this sale on the Company's latest announced unaudited NAV per share of 71.70 pence at 31 December 2022 (adjusted for a dividend of 7.00 pence per share payable on 30 March 2023), would be an increase of 0.36 pence per share. The Company emphasises that the increase in NAV per share from this realisation is in isolation from other changes in the Company's balance sheet, including valuation and other transaction movements in the Company's investment portfolio, that may also have affected the NAV per share at 31 December 2022.

To date, cash proceeds have been received over the life of the investment of GBP2.17 million, against an original cost of GBP0.84 million. This represents a return to date for the Company of 2.6 times the original investment cost and an IRR of 15.0% in the eight and a half years that this investment was held. A small amount of escrow proceeds may be receivable in due course.

For further information, please contact:

Gresham House Asset Management Limited

Company Secretary

+44 (0)20 7382 0999

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March 27, 2023 08:00 ET (12:00 GMT)

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