Transaction in Own Shares

Matrix Income & Growth 2 VCT plc

31 October 2011

Purchase of shares for cancellation

Matrix Income & Growth 2 VCT plc announces that on 28 October 2011 it purchased
44,168 Ordinary Shares at a price of 62.9 pence per share for cancellation.

The Company further announces that on 31 October 2011 it purchased 220,882
Ordinary Shares at a price of 63.5 pence per share for cancellation.

Following these purchases there are now 25,359,455 Ordinary Shares of 1 pence
in issue.