Maven Income and Growth VCT 5 PLC

Unaudited Net Asset Value (NAV) and Interim Dividend

The Directors of Maven Income and Growth VCT 5 PLC (the Company) confirm that the unaudited NAV of the Company as at 31 May 2021 was 38.54p per Ordinary Share, which compares to 38.47p as at 28 February 2021. This represents an increase of 3.04% over the quarter to 31 May 2021, after taking account of the payment of the 2020 final dividend of 1.10p per share on 7 May 2021.

As Shareholders will be aware from recent Annual and Interim Reports, decisions on distributions take into consideration a number of factors, including, the availability of surplus revenue, the realisation of capital gains, the adequacy of distributable reserves and the VCT qualifying level. These factors are all kept under close and regular review by the Board and the Manager, who recognise the importance of tax-free distributions to Shareholders.

The Board is pleased to declare that an interim dividend of 0.60p per Ordinary Share in respect of the year ending 30 November 2021 will be paid on 10 September 2021 to Shareholders on the register at close of business on 13 August 2021. Since the Company's launch, and after receipt of this latest dividend, 45.15p per 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

The Company has in place a Dividend Investment Scheme (DIS) through which Shareholders may elect to have their dividend payments used to apply for new Ordinary Shares issued by the Company under the standing authority requested from Shareholders at Annual General Meetings. Shares issued under the DIS should qualify for VCT tax reliefs applicable for the tax year in which they are allotted. Terms & conditions of the scheme, together with a mandate form, are available from the Company's website at: www.mavencp.com/migvct5.

Shareholders who have not previously applied to participate in the DIS and who wish to do so in respect of the dividend payable on 10 September 2021, should ensure that a mandate form, or CREST instruction if appropriate, is received by Link Asset Services prior to the dividend election date of 27 August 2021.

Further to the information disclosed above, the Directors confirm that they are satisfied that all inside information (as defined by Article 7 of the Market Abuse Regulation (596/2014/EU)) that the Directors and the Company may have in their possession relating to the Company during the 30 day closed period leading up to the announcement of its interim results for the six months ended 31 May 2021 has been or will be notified to a regulatory information service.

Issued on behalf of the Board

Maven Capital Partners UK LLP

Secretary

5 August 2021