[ INGENIOUS INVESTMENTS]

VCT risk warnings

• VCTs must invest 70% in qualifying investments within three years and the investor must hold the investment for five years to retain the 30% income tax relief. Tax rules and regulations are subject to change.
• VCTs should be seen as longer term investments and may be higher risk and more difficult to realise than investing in other securities listed in the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange. The secondary market for shares in VCTs is limited and as a result shares in VCTs can trade at a discount to the net asset value.
• Past performance should not be seen as an indication of future performance. The value of shares in a VCT, and any income from them, may fall as well as rise and investors may not get back what they originally invested, even taking into account the tax reliefs.
• VCTs are designed to provide capital to small companies (typically newly formed companies, funded principally by the VCTs) and each VCT will generally invest in several companies. As such, there is a risk that these companies may not perform as hoped and in some circumstances may fail completely.
• The level of returns and the availability and timing of relief for the investor may be impacted by an investor’s tax position, changes (which may be retrospective) in legislation, the availability of investment opportunities and the qualifying status of investments made a VCT.

This information does not constitute or form part of any offer for sale or solicitation of any offer to buy or subscribe for any securities. Any decision in connection with an investment in these securities should be made only on the basis of information contained in the Prospectus issued in connection with the offer. In particular, your attention is drawn to the risk factors set out in the Prospectus issued in connection with the offer. When considering what action to take you are recommended to seek your own personal financial advice from an appropriately authorised independent financial adviser. You should also seek advice about your own personal financial position in relation to entitlement to tax reliefs associated with an investment in Ingenious Entertainment VCT 1 plc and Ingenious Entertainment VCT 2 plc.

Ingenious Entertainment VCT 1 plc and Ingenious Entertainment VCT 2 plc are managed by Ingenious Ventures, a trading name of Ingenious Capital Management Limited, which is authorised and regulated in the UK by the Financial Services Authority.