Director/PDMR Shareholding

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

5 May 2009

Directors' Shareholdings

Matrix Income & Growth 2 VCT plc announces that it has today been notified of
the following subscriptions under DTR 3.1.2R by the directors named below. On 5
May 2009, the following Directors were allotted and issued new C Ordinary
Shares of 1p each under the offer for subscription, all at a price of 92.39p
per share:

Director                  Shares  Total resultant   Percentage of
                        purchased     number of C  issued C Share
                                      Shares held         capital
                                                                 
Nigel Melville              2,854          26,808           0.15%


For further information please contact:

Robert Brittain at Matrix-Securities Limited, the Company Secretary on: 020
3206 7000.