Issue of Equity

Matrix Income & Growth 2 VCT plc (the "Company") 6 April 2006 Issue of Equity The Company announces that on 5 April 2006 it allotted and issued a further 505,091 new C Ordinary shares ("C shares") of 1p each under the offer for subscription at a price of 100p. Following this allotment the issued share capital of the Company is 12,566,147 Ordinary Shares and 9,145,990 C Shares. For further information please contact: Sarah Penfold at Matrix-Securities Limited, Company Secretary, on 020 7925 3300
UK 100

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