Issue of Equity

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

23 June 2009

Issue of Equity

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

The Company announces that, due to an administrative error for an earlier
allotment under the above Offer, the correct number of shares (in relation to
reinvested commission) were not allotted to a shareholder. As such, the Board 
made a further allotment of 730 new C Ordinary Shares of 1p each ("C
shares") under the Offer for Subscription ("the Offer") at a price of 92.39p
per share on 18 June 2009. Dealings in the new C Shares are expected to commence
on 26 June 2009.

Following this allotment the issued share capital of the Company is 11,259,333
Ordinary Shares of 1p each and 17,484,088 C Shares.

For further information please contact:

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