Offer for subscription closed

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

6 April 2006

Offer for subscription closed

The Board of Matrix Income & Growth 2 VCT plc is pleased to announce that the
Offer for Subscription made by the Company on the terms set out in its
prospectus dated 20 September 2005 ("the Offer") has now closed. The Company
has issued 9,145,990 Ordinary shares being subscribed in full at £1 per share
under the Offer.

It is the Company's objective to provide Investors with a regular and growing
income stream, by way of tax free dividends, and to generate capital growth
through portfolio realisations, which can be distributed by way of additional
tax free dividends. This will be achieved by making investments structured not
only to generate income but also to provide the potential for capital gains
from trade sales and flotations from a diversified portfolio of established
profitable unquoted companies.

Matrix Private Equity Partners Limited will be responsible for managing the
assets of the Fund. The team consists of eight private equity investment
managers, who have extensive experience and a proven successful track record of
VCT investment.

Contact details for further queries:

Bridget Guérin at Matrix-Securities Limited 020 7925 3300

Mark Wignall at Matrix Private Equity Partners Limited 020 7925 3300