Transaction in Own Shares

Matrix Income & Growth 2 VCT plc

27 January 2009

Purchase of shares for cancellation

Matrix Income & Growth 2 VCT plc announces that on 23 January 2009 it purchased
106,200 Ordinary Fund Shares at a price of 36 pence per share for cancellation.

Following this purchase there are now 11,269,333 Ordinary Shares of 1 pence and
9,145,990 C Ordinary Shares of 1 pence in issue.