Director/PDMR Shareholding

Matrix Income & Growth 2 VCT plc (the "Company")

3 April 2006

Directors' Shareholdings

Matrix Income & Growth 2 VCT plc announces that on 3 April 2006, the following
Director and connected persons were allotted and issued new C Ordinary Shares
under the offer for subscription:

Director                        Shares      Share price   Percentage
                                purchased                 of issued C
                                                          Share capital

Kenneth Charles Vere Nicoll     21,100      100p          0.29%

Veronica Gillian Vere Nicoll    5,275       100p          0.07%
(Spouse of Kenneth Charles Vere Nicoll)

For further information please contact:

Sarah Penfold at Matrix-Securities Limited, the Company Secretary on: 020 7925 3300.