Statement re realisation of investment

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

19 November 2009

Realisation of investment in PastaKing Holdings Limited

The Board of Matrix Income & Growth 2 VCT plc is pleased to announce that the
Company has fully realised its investments by the Ordinary and C Share Funds in
PastaKing Holdings Limited ("PastaKing"), the Newton Abbott based award winning
supplier of fresh pasta meals to the education sector and industry. PastaKing
was sold on 14 November 2009 to NBGI Private Equity.

The Ordinary Share Fund received net proceeds of £731k from the realisation
which contributed to total proceeds of £891k over the life of the investment,
representing a 3.25 fold gain on the Ordinary Share Fund's original investment
of £274,624.

The C Share Fund received net proceeds of £510k from the realisation which
contributed to total proceeds of £622k over the life of the investment,
representing a 3.25 fold gain on the C Share Fund's original investment of
£191,720.

The proceeds realised above were reflected in the most recently announced net
asset values per share at 31 July 2009, so the sale has no material impact on
the Company's net asset values.

The Board intends to announce the Company's unaudited net asset values as at 31
October 2009 as part of the Half-Yearly results announcement by the end of
December 2009.