Mobeus Income & Growth 4 VCT plc

9 January 2014

Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility

The Company announces that on 9 January 2014, the following director was
allotted and issued the number of ordinary shares shown below at a deemed issue
price of 120.28870 pence per share:



Director           Ordinary   Percentage   Total           Percentage of
                   shares     of issued    notifiable      issued share
                   allotted   share        holding         capital and total
                              capital      following the   voting rights
                              following    transaction     following the
                              the                          transaction
                              transaction
                              acquired

Andrew Robson      1,287      0.0036%      9,536           0.0265%

This notification relates to a transaction notified in accordance with
Disclosure and Transparency Rule 3.1.4(1).

For further information please contact:

Elizabeth Birch at Mobeus Equity Partners LLP, Company Secretary, on 020 7024
7600.