Issue of Equity

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

15 July 2012

Issue of Equity

The Company announces that on 13 June 2012 it allotted and issued 162,790 new
Ordinary Shares of 1p each at a price of 101.0 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 21 June 2012.

Following this allotment the issued share capital of the Company is 29,039,957
Ordinary Shares of 1p each.

For further information please contact:

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