Interim Management Statement

Matrix Income & Growth 2 VCT plc (the Company)                 

                    UNAUDITED INTERIM MANAGEMENT STATEMENT                     

                      For the quarter ended 31 July 2009                       

INVESTMENTS

No investments have been made by the Company during the period.

NET ASSET VALUE PER SHARE

                            Ordinary Share Fund             C Share Fund       
                                                                               
                              31 July 30 April 2009    31 July 2009 30 April 2009
                                 2009                                        
                                                                               
Net assets attributable    £7,897,974    £7,772,227     £15,478,981   £14,546,917
to shareholders                                                                
                                                                               
Shares in issue            11,259,333    11,259,333      17,484,088    16,910,386
                                                                               
Net asset value per 1p                                                         
Share:                                                                         
                                                                               
- Excluding current year      70.23 p       67.72 p         87.47 p       85.29 p
income                                                                         
                                                                               
- Including current year      70.15 p       69.03 p         87.38 p       86.02 p
income                                                                         

SHARE BUY-BACKS

No shares were bought back during the period under review.

OFFER FOR SUBSCRIPTION

On 5 May and 18 June the Company allotted a further 572,972 and 730 new C
Shares respectively under the Offer for Subscription, which closed to further
applications on 30 April 2009. The Offer raised a total of £7.3m after
expenses.

DIVIDENDS

A final dividend of 1 penny per C Share will be paid to C Shareholders on the
register on 28 August 2009 on 18 September 2009, following approval by
Shareholders at the Annual General Meeting held on 10 September 2009.

Please note that all the information above is unaudited.

Other than described above, there were no material events during the period and
to the date of this announcement.

For further information, please contact:

Robert Brittain, for Matrix-Securities Limited, Company Secretary: 020 3206
7102.