Tranche Update on Troy Income & Growth Trust Plc's Equity Buyback Plan announced on January 20, 2022.

Troy Income & Growth Trust plc is a United Kingdom-based investment company. The investment objective of the Company is to provide shareholders with an attractive income yield and the prospect of income and capital growth through investing in a portfolio of predominantly United Kingdom equities. The Company may also use derivatives for the purpose of efficient portfolio management, including reducing, transferring, or eliminating investment risk in its investments and protection against currency risk, to exploit an investment opportunity and to achieve an overall return. It invests in various sectors, including consumer staples, industrials, financials, health care, consumer discretionary, information technology, real estate, materials, utilities, other, and communication services. Juniper Partners Limited is the alternative investment fund manager of the Company.