VenGrowth Investment Fund Inc.

VenGrowth II Investment Fund Inc.

January 12, 2011 15:30 ET

VenGrowth I and VenGrowth II Funds Announce Dividend

TORONTO, ONTARIO--(Marketwire - Jan. 12, 2011) - The VenGrowth Investment Fund Inc. ("VG I") and the VenGrowth II Investment Fund Inc. ("VG II") (collectively the "Funds"), announced that their respective Boards have approved the payment of a dividend to shareholders. The dividend for VG I will be $0.178 per share (or 2.9% of net asset value), and for VG II $0.255 per share (or 9.7% of net asset value). The dividends will be paid on January 21, 2011 to shareholders of record as of January 14, 2011.

The dividend payments are being made in accordance with the previously announced periodic distribution policy that was instituted by VG I and VG II in December 2009. Under this policy, the Boards review the surplus cash at least annually, with the view to distributing the cash to shareholders in an equitable fashion. The January 21, 2011 distributions represent the second dividend payment that VG I and VG II will have made to date.

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