Issue of Equity

Matrix Income & Growth 4 VCT plc (the "Company")

14 July 2011

Issue of Equity

The Company announces that on 6 July 2011 it allotted and issued 60,875 new
Ordinary Shares of 1p each at a price of 100.7 pence per share (being the
average middle market price of the shares for the five days preceding the
dividend payment date) under the Company's Dividend Investment Scheme.

It is expected that the new Ordinary Shares will be admitted to the Official
List of the UK Listing Authority and dealings on 15 July 2011.

Following this allotment the issued share capital of the Company is 25,316,557
Ordinary Shares of 1p each.

For further information please contact:

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