Title: PowerPoint Presentation URL Source: https://documentscdn.financialexpress.net/Literature/5CC10632EFD8AAACFACA04524380D065/242362489.pdf Number of Pages: 7 Markdown Content: BlackRock Income and Growth # Investment Trust plc # April 2026 # Company objective To provide growth in capital and income over the long term through investment in a diversified portfolio of principally UK listed equities. # Key risk factors Capital at risk The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested. The company’s investments may be subject to liquidity constraints, which means that shares may trade less frequently and in small volumes, for instance smaller companies. As a result, changes in the value of investments may be more unpredictable. In certain cases, it may not be possible to sell the security at the last market price quoted or at a value considered to be fairest. The Company may from time to time utilise gearing. A fuller definition of gearing is given in the glossary. The latest performance data can be found on the BlackRock Investment Management (UK) Limited website at blackrock.com/ uk /brig . The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy . # blackrock.com/ uk /brig Fund information (as at 30/04/26) Net asset value - capital only: 246.70p Net asset value - cum income: * 250.89p Share price: 234.00p Total assets (including income): £52.7m Discount to NAV (cum income): 6.7% Gearing: 3.8% Net yield: ** 3.3% Ordinary shares in issue: *** 18,654,568 Gearing range (as a % of net assets) 0-20% Ongoing charges: **** 1.15% Past performance is not a reliable indicator of current or future results. The information contained in this release was correct as at 30 April 2026. Information on the Company’s up to date net asset values can be found on the London Stock Exchange website at: https://www.londonstockexchange.com/exchange/news/market - news/market -news -home.html > * Includes net revenue of 4.19 pence per share ** The Company’s yield based on dividends announced in the last 12 months as at the date of the release of this announcement is 3.3% and includes the 2025 final dividend of 5.00 p per share declared on 28 January 2026 with pay date 20 March 2026 and the Interim Dividend of 2.70 p per share declared on 19 June 2025 with pay date 02 September 2025 . *** excludes 10,081,532 shares held in treasury. **** The Company’s ongoing charges are calculated as a percentage of average daily net assets and using management fee and all other operating expenses excluding finance costs, direct transaction costs, custody transaction charges, VAT recovered, taxation and certain non -recurring items for the year ended 31 October 2025 . In addition, the Company’s Manager has also agreed to cap ongoing charges by rebating a portion of the management fee to the extent that the Company’s ongoing charges exceed 1.15 % of average net assets . > RET0526-5508063-EXP0527-1/7 The figures shown relate to past performance . Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy . Index performance returns do not reflect any management fees, transaction costs or expenses . Indices are unmanaged and one cannot invest directly in an index . > The latest performance data can be found on our website :www .blackrock .com/uk/brig > The above Net Asset Value (NAV) performance statistics are based on aNAV including income, with any dividends > reinvested on the ex -dividend date, net of ongoing charges and any applicable performance fee . > Afuller definition of ongoing charges (which includes the annual management fee) is given in the glossary .Details of the > management fee are given in the key company details section overleaf .The Company does not have aperformance fee . > Share price performance figures are calculated on amid market basis in sterling terms with income reinvested on the ex - > dividend date . > Sources :BlackRock (as at 30 .04 .26 ) > 1The Company’s benchmark is the FTSE All -Share Index (on atotal return basis) . > 2BlackRock took over the investment management of the Company with effect from 1April 2012 . Sterling 31/03/25 31/03/26 % 31/03 /24 31/03 /25 % 31/03 /23 31/03 /24 % 31/03 /22 31/03 /23 % 31/03 /21 31 /03 /22 % Net asset value 12.2 8.1 7.1 3.9 11.4 Share price 16.7 11.1 -1.3 8.7 12.0 Benchmark 1 21.5 10.5 8.4 2.9 13.0 Sterling 1M% 3M% 1Y% 3Y% 5Y% Since 1 April 2012 2 Share price 5.9 4.0 22.3 37.1 53.4 195.1 Net asset value 3.2 -1.5 16.3 28.7 48.1 182.4 Benchmark 1 2.8 2.1 25.2 44.7 66.9 207.2 Sector allocation (as at 30/04/2026) % of total assets Banks 14.6 Pharmaceuticals & Biotechnology 10.0 Oil & Gas Producers 7.7 Household Goods & Home Construction 5.6 General Retailers 5.4 Support Services 5.0 Mining 4.9 Tobacco 4.7 Electronic & Electrical Equipment 4.3 Aerospace & Defence 3.8 Software & Computer Services 3.3 General Industrials 3.0 Nonlife Insurance 2.9 Life Insurance 2.8 Financial Services 2.7 Food & Drug Retailers 2.4 Industrial Engineering 2.2 Real Estate Investment Trusts 1.8 Food Producers 1.6 Personal Goods 1.6 Electricity 0.9 Construction & Materials 0.8 Net Current Assets 8.0 Total 100.0 Company % of total assets AstraZeneca 8.1 Shell 5.6 British American Tobacco 4.7 HSBC 4.6 Standard Chartered 4.5 Lloyds Banking Group 4.3 Reckitt Benckiser Group 3.5 RELX 3.3 Phoenix Group 2.8 Next 2.7 *Ten largest investments (in % total assets order 30/04/26) * These percentages reflect portfolio exposure per stock and include more than one holding per stock where relevant . Holdings are as at the date shown and do not necessarily represent current or future portfolio holdings . Risk : The specific companies identified and described above do not represent all of the companies purchased or sold, and no assumptions should be made that the companies identified and discussed were or will be profitable . Annual performance to the last quarter end (as at 31/03/26) Cumulative performance (as at 30/04/26) Country Allocation (as at 30/04/26) % of total assets United Kingdom 88.0 United States 4.0 Net Current Assets 8.0 Total 100.0 Allocations are as of the date shown and do not necessarily represent current or future portfolio holdings . A full disclosure of portfolio investments for the Company as at 31 March 2026 has been made available on the Company’s website at the link given below : https ://www .blackrock .com/uk/individual/literature/policies/blk -income - growth -portfolio .pdf > RET0526-5508063-EXP0527-2/7 Comments from the Portfolio Managers Please note that the commentary below includes historic information in respect of index performance data and the Company’s NAV performance. The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results. Market summary Global markets remained volatile in April, extending themes from March as macro uncertainty, geopolitics and shifting policy expectations drove outcomes. Despite fragile sentiment and sharp moves across energy, rates and currencies, equities rebounded strongly, with the S&P 500 delivering one of its best Aprils. From a macro perspective, the month was defined by an energy -driven inflation shock rather than weakening demand. Oil prices were volatile but remained elevated, feeding into inflation expectations and complicating the policy outlook. The Federal Reserve held rates steady and struck a cautious tone, while bond yields rose to multi -year highs and currency markets remained unsettled. U.S. equities were resilient, with the S&P 500 rising over 10%, supported by strong earnings, a stable labour market and continued investment, particularly in AI -related areas. Technology led gains, while the broader market recovered despite earlier pressure from higher yields. European equities rebounded but lagged the U.S., reflecting greater exposure to higher energy costs and softer economic momentum. Performance was uneven, with banks and energy outperforming while more consumer -sensitive sectors remained under pressure. UK equities also recovered in April despite headwinds from higher energy costs and inflation concerns which weighed on confidence. Performance was differentiated, with energy and financials outperforming, while more domestic and consumer -exposed sectors remained under pressure. Emerging markets outperformed, rebounding sharply after March’s weakness. Gains were led by technology - linked markets in Asia, though performance remained uneven as higher oil prices and currency volatility weighed on some economies. Oil prices were highly volatile amid geopolitical tensions, ending the month elevated, while broader commodity performance was mixed. Stock comments Standard Chartered contributed positively to relative performance following a rebound from a market -driven pullback in March and supported by a strong first quarter beat. The strong results were driven by robust growth across their Wealth, Global Banking and Markets divisions more than offsetting a tougher interest rate backdrop. Disciplined cost control supported profitability, while higher impairments reflected management caution rather than any underlying credit stress. An underweight position in HSBC detracted from relative performance as the shares also rebounded from March lows though results, reported in May, disappointed as impairments and costs exceeded expectations. We continue to prefer Standard Chartered, supported by stronger operational momentum and earnings delivery. Standard Life contributed to relative returns over the period following the announcement of its £2bn acquisition of AEGON, which will significantly increase scale and position the group as the second largest UK workplace and retail savings provider. The deal strategically shifts around 60% of the business toward a lower capital, fee based model and is expected to deliver cost and capital benefits over time, although these are weighted to the later years of the decade. Management’s strong execution record provides confidence in the acquisition. Oxford Instruments contributed to relative returns as the shares were supported by a reassuring trading update, with continued steady growth in Industrial Automation alongside very strong momentum in Advanced Technologies. Importantly, the company secured a large data -centre –related order late in the year that materially underpins revenues into 2027 and partly 2028, improving visibility and confidence. Overall, the update was encouraging and reinforced the investment case, helping support sentiment around the stock. Reckitt Benckiser detracted from performance after a weak update reinforced concerns around uneven regional growth, particularly in Europe. While full -year organic growth guidance was held, profits are increasingly back -end loaded, heightening reliance on a strong H2 driven by seasonal products and the Mucinex launch. Despite depressed valuations, strong brands and longer -term optionality from a potential Mead Johnson settlement, limited near -term catalysts and execution risks continue to weigh on investor confidence. Weir Group also detracted from relative returns during the month. A disappointing trading update and earlier - than -expected CEO succession weighed on the shares despite management reiterating its full -year guidance. The outlook for mining capital expenditure remains encouraging however the timing for this to flow through to Weir remains unclear. > RET0526-5508063-EXP0527-3/7 Comments from the Portfolio Managers (continued) Please note that the commentary below includes historic information in respect of index performance data and the Company’s NAV performance . The figures shown relate to past performance . Past performance is not a reliable indicator of current or future results . Portfolio Changes We initiated a new position in Berkeley Group, a leading UK residential property developer focused on large - scale, mixed -use urban regeneration projects . Following a challenging market backdrop, the company has outlined a more disciplined strategy, moderating volume ambitions and reducing land investment, which lowers medium -term profit expectations but supports strong cash generation and leaves net asset value largely unaffected . In our view, Berkeley offers an attractive shareholder return profile, with the potential to return a substantial proportion of its market capitalisation through dividends and share buybacks over the coming years, while maintaining a strong net cash position and a high -quality operating platform, including its Build -to -Rent portfolio . We also started a new position in United Utilities, a FTSE 100 –listed UK water utility providing regulated water and wastewater services across the North -West of England, with infrastructure assets that are essential to households and businesses . In our view, the company is well positioned as it undertakes a significant investment programme under a new regulatory framework, supporting growth in its regulated asset base while enhancing environmental protection and network resilience . United Utilities also plays an important role in supporting the UK’s growth agenda by enabling housing development, business activity and broader industrial ambitions through the provision of critical infrastructure . This position was funded through the sale of Segro, reflecting our view that its investment case has become increasingly challenged by the prevailing interest rate environment and UK political backdrop . We have also trimmed exposure to Oils and SSE, following recent share price strength, reallocating capital into Babcock, Berkeley Group, Next and Howdens, where we have strong medium -term conviction and view recent volatility as an attractive entry point . Outlook The immediate outlook for the global economy, particularly for 2026 , will largely be shaped by the duration of the war in Iran and the cost of energy, a function of what happens with the Strait of Hormuz and the severity of the damage to local energy and refinery facilities . With energy prices rising significantly, there are likely to be negative growth impacts and inflationary pressures, notably for those economies which are net importers of energy including parts of Asia, Europe and the UK, whilst the US is more insulated given its domestic resources . The scale of these impacts is linked to the duration of the conflict . The outlook for inflation will impact the path for rates with the rate cutting cycle in the developed world at risk . The wide range of outcomes and President Trump’s unpredictable policy stance suggests volatility across equity and bond markets will stay elevated . Against this backdrop, we continue to favour companies with well invested foundations, durable competitive advantages and pricing power, while looking for opportunities created by heightened market swings . In the UK and Europe, the spectre of an energy shock has reared its head once again and exacerbated weak fiscal backdrops and low consumer and business confidence . In the UK, the impact has been most evident in the path for interest rates, ending the quarter with the bond markets pricing three rate hikes having entered the 2026 pricing in two cuts . With a domestic backdrop that had showed signs of stabilisation in confidence and activity, this is clearly an unhelpful backdrop ahead of the May local elections which may precipitate further political unrest . In Europe, Germany’s fiscal push, centred on defence and infrastructure, had boosted economic momentum but it remains unclear whether this will be sustained . In the US, gasoline price rises are likely to contribute to inflation and weigh on consumer sentiment though the overall economic impact should be limited given domestic energy supply and a resilient economic outlook supported by a significant capital expenditure . Meanwhile, China’s sensitivity to rising energy prices is mitigated by significant stockpiles and the substantial investment in renewables made in recent years . However, domestic demand remains subdued, with recent US trade tariff announcements adding to the uncertainty . Notwithstanding the uncertainty in the UK, this energy shock is somewhat different to 2022 , with rates being substantially higher and domestic valuations, notably amongst rate sensitives being lower . With relatively strong balance sheets amongst our portfolio companies, we would anticipate further buybacks and continued inbound M&A . While volatility is expected to persist, we believe risk appetite will return and opportunities are emerging . Cash -generative businesses with enduring competitive advantages continue to be a priority, and we are confident they are best positioned to deliver long -term returns . While volatility is likely to persist, the opportunities it presents are encouraging - both in resilient growth stories and compelling turnaround cases . > RET0526-5508063-EXP0527-4/7 Financial calendar: Year end October Results announced December Annual General Meeting March Dividends paid March and September NMPI status The Company currently conducts its affairs so that its securities can be recommended by Independent Financial Advisers to ordinary retail investors in accordance with the Financial Conduct Authority’s (FCA) rules in relation to Non -Mainstream Pooled Investments (NMPI) and intends to continue to do so for the foreseeable future. The securities are excluded from the FCA’s restrictions which apply to non -mainstream pooled investments because they are shares in an investment trust. Key company details Fund characteristics: Launch date 14 December 2001 Dealing currency Sterling Association of Investment Companies sector (AIC) UK Equity Income Benchmark FTSE All -Share Total Return Index Traded London Stock Exchange Management Alternative Investment Fund Manager (with effect from 2 July 2014) BlackRock Fund Managers Limited Portfolio managers Adam Avigdori & David Goldman Annual management fee 0.6% per annum of the Company’s market capitalisation • The Company’s Manager has agreed to cap ongoing charges by rebating a portion of the management fee to the extent that the Co mpa ny’s ongoing charges exceed 1.15% of average net assets. • BlackRock Income and Growth Investment Trust plc will not invest more than 15% of its gross assets in other closed -ended listed investment funds. • BlackRock Income and Growth Investment Trust plc is traded on the London Stock Exchange and dealing may only be through a mem ber of the Exchange . Fund codes: ISIN GB0030961691 Sedol 3096169 Bloomberg BRIG:LN Reuters BRIG.L Ticker BRIG/LON > RET0526-5508063-EXP0527-5/7 Glossary Of Terms Alternative Investment Market (AIM) AIM is the London Stock Exchange’s international market for smaller growing companies. The AIM market has no restrictions on market capitalisation, and financial reporting is more flexible than for companies listed on the main market of the London Stock Exchange. Discount/Premium Investment trust shares frequently trade at a discount or premium to NAV. This occurs when the share price is less than (a discount) or more than (a premium) to the NAV. The discount or premium is the difference between the share price (based on mid -market share prices) and the NAV, expressed as a percentage of the NAV. Discounts and premiums are mainly the consequence of supply and demand for the shares on the stock market. Gearing Investment companies can borrow to purchase additional investments. This is called ‘gearing’. It allows investment companies to take advantage of a long -term view on a sector or to take advantage of a favourable situation or a particularly attractive stock without having to sell existing investments. Gearing works by magnifying the company’s performance. If a company ‘gears up’ and then markets rise and the returns on the investments outstrip the costs of borrowing, the overall returns to investors will be even greater. But if markets fall and the performance of the assets in the portfolio is poor, then losses suffered by the investor will also be magnified. Net yield The net yield is calculated using total dividends declared in the last 12 months (as at date of this factsheet) as a percentage of month end share price. NAV (Net Asset Value) A company’s undiluted NAV is its available shareholders’ funds divided by the number of shares in issue (excluding treasury shares), before making any adjustment for any potentially dilutive securities which the Company may have in issue, such as subscription shares, convertible bonds or treasury shares. A diluted NAV is calculated on the assumption that holders of any convertibles have converted, subscription shares have been exercised and treasury shares are re -issued at the mid -market price, to the extent that the NAV per share is higher than the price of each of these shares or securities and that they are 'in the money'. The aim is to ensure that shareholders have a full understanding of the potential impact on the Company’s NAV if these instruments had been exercised on a particular date. Ongoing charges ratio Ongoing charges (%) = Annualised ongoing charges Average undiluted net asset value in the period Ongoing charges are those expenses of a type which are likely to recur in the foreseeable future, whether charged to capital or revenue, and which relate to the operation of the investment company as a collective fund, excluding the costs of acquisition/disposal of investments, financing charges and gains/losses arising on investments. Ongoing charges are based on costs incurred in the year as being the best estimate of future costs and include the annual management fee. # Want to know more? blackrock.com/ uk /brig | Tel: 0207 743 3000 | cosec@blackrock.com > RET0526-5508063-EXP0527-6/7 # Risk Warnings Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration whe n selecting a product or strategy. Changes in the rates of exchange between currencies may cause the value of investments to diminish or increase. Fluctuation may be particularly marked in the case of a higher volatility fund and the value of an investment may fall suddenly and substantially. Levels and basis of taxation may change from time to time. Trust Specific Risks Counterparty Risk . The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss. Investors should refer to the prospectus or offering documentation for the funds full list of risks Gearing risk . Investment strategies, such as borrowing, used by the Trust can result in even larger losses suffered when the value of the underlying investments fall. Liquidity risk . The Fund’s investments may have low liquidity which often causes the value of these investments to be less predictable. In extreme cases, the Fund may not be able to realise the investment at the latest market price or at a price considered fair. # Important Information > In the UK and Non -European Economic Area (EEA) countries Issued by BlackRock Investment Management (UK) Limited, authorised and regulated by the Financial Conduct Authority. Registered office: 12 Throgmorton Avenue, London, EC2N 2DL. Tel: + 44 (0)20 7743 3000. Registered in England and Wales No. 2020394. For your protection telephone calls are usually recorded. BlackRock is a trading name of BlackRock Investment Management (UK) Limited. Please refer to the Financial Conduct Authority website for a list of authorised activities conducted by BlackRock. This document is marketing material. The Company is managed by BlackRock Fund Managers Limited (BFM) as the AIFM. BFM has delegated certain investment management and other ancillary services to BlackRock Investment Management (UK) Limited. The Company’s shares are traded on the London Stock Exchange and dealing may only be through a member of the Exchange. The Company will not invest more than 15% of its gross assets in other listed investment trusts. SEDOL is a trademark of the London Stock Exchange plc and is used under licence. Net Asset Value (NAV) performance is not the same as share price performance, and shareholders may realise returns that are lower or higher than NAV performance. BlackRock Income and Growth Investment Trust plc currently conducts its affairs so that its securities can be recommended by IFAs to ordinary retail investors in accordance with the Financial Conduct Authority’s rules in relation to non -mainstream investment products and intends to continue to do so for the foreseeable future. The securities are excluded from the Financi al Conduct Authority’s restrictions which apply to non -mainstream investment products because they are securities issued by investment trusts. Investors should understand all characteristics of the funds objective before investing. For information o n investor rights and how to raise complaints please go to https://www.blackrock.com/corporate/compliance/investor -right available in local language in registered jurisdictions. BlackRock has not considered the suitability of this investment against your individual needs and risk tolerance. To ensure y ou understand whether our product is suitable, please read the fund specific risks in the Key Investor Document (KID) which give s more information about the risk profile of the investment. The KID and other documentation are available on the relevant product pages at www.blackrock.co.uk/its . We recommend you seek independent professional advice prior to investing. Any research in this document has been procured and may have been acted on by BlackRock for its own purpose. The results of such research are being made available only incidentally. The views expressed do not constitute investment or any other advic e and are subject to change. They do not necessarily reflect the views of any company in the BlackRock Group or any part thereo f and no assurances are made as to their accuracy. This document is for information purposes only and does not constitute an offer or invitation to anyone to invest in any BlackRock funds and has not been prepared in connection with any such offer. This document is marketing material and will expire 12 months after issue. © 2026 BlackRock, Inc. All Rights reserved. BLACKROCK, BLACKROCK SOLUTIONS, and iSHARES are trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.