Issue of Equity

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

3 April 2009

Issue of Equity

Offer for Subscription of C Shares to raise up to £10 million

The Company announces that on 3 April 2009 it allotted and issued 6,702,734 new
C Ordinary Shares of 1p each ("C shares") under the Offer for Subscription
("the Offer") at a price of 92.39p per share. Dealings in the new C Shares are
expected to commence on 9 April 2009.

Certain Directors and members of Matrix Private Equity Partners LLP, the
Investment Manager, have subscribed an aggregate £100,000 under the Offer.

Following this allotment the issued share capital of the Company is 11,259,333
Ordinary Shares of 1p each and 15,848,724 C Shares.

For further information please contact:

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