Annual Information Update

Matrix Income & Growth 2 VCT plc

Annual Information Update

2 July 2010

In accordance with Prospectus Rule 5.2, the following information has been
published or made available to the public in the period from 1 May 2009 to 2
July 2010.

Announcements listed as published on the London Stock Exchange have been
published via a Regulatory Information Service and can be found on 
www.londonstockexchange.com. Copies of documents filed with Companies House can
be obtained from Companies House or, if you are a registered user, through
Companies House Direct at http://direct.companieshouse.gov.uk.

Some of the information referred to below was provided as at a specific date
and may now be out of date.

Announcements published on the London Stock Exchange

Date                 Description                                               
                                                                               
30 June 2010         Annual Financial Report for the year ended 30 April 2010  
                                                                               
5 May 2009           Offer for subscription closed, having raised approximately
                     £7.5m.                                                    
                                                                               
18 March 2010        Interim management statement for the quarter ended 31     
                     January 2010.                                             
                                                                               
4 February 2010      Half-Yearly Report for the six months ended 31 October    
                     2009 submitted to the UKLA's Document Viewing Facility.   
                                                                               
29 January 2010      Total voting rights at 29 January 2010 - Ordinary Shares: 
                     11,259,333; C Shares: 17,346,339.                         
                                                                               
19 January 2010      Purchase of 49,924 C Shares at 55.49 pence per share on 15
                     January 2010 for cancellation.                            
                                                                               
23 December 2009     Half-Yearly Report for the six months ended 31 October    
                     2009                                                      
                                                                               
19 November 2009     Statement re realisation of investment in PastaKing       
                     Holdings Limited                                          
                                                                               
30 October 2009      Total voting rights as at 30 October 2009 - Ordinary      
                     Shares: 11,259,333; C Shares: 17,396,263                  
                                                                               
14 October 2009      Purchase of 37,600 C Shares at 56.8 pence per share on 14 
                     October 2009 for cancellation.                            
                                                                               
1 October 2009       Total voting rights at 30 October 2009 - Ordinary Shares: 
                     11,259,333; C Shares: 17,433,863.                         
                                                                               
28 September 2009    Purchase of 50,225 C Shares at 56.8 pence per share on 25 
                     September 2009 for cancellation.                          
                                                                               
15 September 2009    Interim management statement for the quarter ended 31 July
                     2009.                                                     
                                                                               
15 September 2009    Result of Class Meetings: all resolutions proposed        
                     approved by shareholders of the relevant class.           
                                                                               
10 September 2009    Result of AGM: all resolutions proposed at the Annual     
                     General Meeting held on 10 September 2009 were approved by
                     Shareholders. The Separate Class Meetings of Ordinary and 
                     C Shareholders were adjourned until 15 September 2009.    
                                                                               
20 August 2009       Annual Report and Accounts for the year ended 30 April    
                     2008 submitted to the UKLA Document Viewing Facility.     
                                                                               
24 July 2009         Final results for the year ended 30 April 2009.           
                                                                               
30 June 2009         Total voting rights at 30 June 2009 - Ordinary Shares:    
                     11,259,333; C Shares: 17,484,088.                         
                                                                               
23 June 2009         Issue of 730 new C Shares under the Offer for Subscription
                                                                               
11 June 2009         Annual information update                                 
                                                                               
29 May 2009          Total voting rights at 29 May 2009 - Ordinary Shares:     
                     11,259,333; C Shares: 17,483,358                          
                                                                               
5 May 2009           Offer for Subscription for new C Shares closed            
                                                                               
5 May 2009           Director's shareholding: Nigel Melville purchased 2,854 C 
                     Shares at 92.39 pence per share under the Offer for       
                     Subscription.                                             
                                                                               
5 May 2009           Issue of 572,972 new C Shares under the Offer for         
                     Subscription                                              
                                                                               
30 April 2009        Total voting rights at 30 April 2009 - Ordinary Shares:   
                     11,259,333; C Shares: 16,910,386                          
                                                                               
6 April 2009         Issue of 1,061,662 new C Shares under the Offer for       
                     Subscription                                              
                                                                               
6 April 2009         Correction to Director's shareholding: Nigel Melville     
                     allotted 2,854 new C Shares on 3 April 2009               
                                                                               
3 April 2009         Director's shareholding: Nigel Melville allotted 2,854    
                     (corrected), Adam Kingdon 5,709, Kenneth Vere Nicoll      
                     11,418 new C Shares under the Offer for Subscription      
                                                                               
3 April 2009         Issue of 6,702,734 new C Shares under the Offer for       
                     Subscription                                              

Documents filed at Companies House

Date                 Description                                               
                                                                               
22 March 2010        Form AR01 Annual Return made up to 8 March 2010           
                                                                               
12 March 2010        Form CH01 - change of particulars for Sally Duckworth     
                                                                               
3 February 2010      Form SH03 Purchase of own shares for cancellation         
                                                                               
28 January 2010      Statement of capital £286,555.96                          
                                                                               
28 January 2010      OC138 - reduction of capital                              
                                                                               
28 January 2010      Cert 21 - reduction of share premium                      
                                                                               
17 December 2009     CH01 - change of particulars for Sally Duckworth          
                                                                               
16 November 2009     Resolutions filed                                         
                                                                               
12 November 2009     Form SH03 Purchase of own shares for cancellation         
                                                                               
24 October 2009      Form SH03 Purchase of own shares for cancellation         
                                                                               
15 October 2009      Form CH01 - change of particulars for Kenneth Vere Nicoll 
                                                                               
15 October 2009      Form CH01 - change of particulars for Sally Duckworth     
                                                                               
5 October 2009       Form AD03 Share register moved to SAIL address            
                                                                               
5 October 2009       Form AD02 SAIL address created                            
                                                                               
21 September 2009    Full accounts to 30 April 2009                            
                                                                               
21 September 2009    Resolutions passed at the Annual General Meeting and Class
                     Meetings                                                  
                                                                               
9 July 2009          Form 88(2) Return of allotment of 730 C Shares            
                                                                               
9 June 2009          Form 88(2) Return of allotment of 572,972 C Shares        
                                                                               
18 May 2009          Form 88(2) Return of allotment of 6,702,734 C Shares      
                                                                               
18 May 2009          Form 88(2) Return of allotment of 1,061,662 C Shares      

In accordance with the provisions of Article 27.3 of the Prospectus Directive
Regulation, we confirm that to the best of our knowledge, information relating
to 'Holdings in Company' and 'Directors' Shareholdings' is up to date at the
date of this announcement but it is acknowledged that such disclosures may, at
any time, become out of date, due to changing circumstances.

Copies of information released can be obtained through the Company Secretary at
the Company's Registered Office at One Vine Street, London W1J 0AH, tel 020
3206 7000.