Issue of Equity

Matrix Income & Growth VCT plc

8 March 2012

Issue of Equity

The Company announces that on 8 March 2012 it allotted and issued 1,763,460 new
Ordinary Shares of 1p each at a price of 101.2 pence per share.

Application has been made for the new Ordinary Shares to be admitted to the
Official List of the UK Listing Authority and dealings are expected to commence
on 13 March 2011.

Following this allotment the issued share capital of the Company is 43,944,512
Ordinary Shares.

These new shares in the Company have been issued subsequent to the linked offer
for subscription with Matrix Income & Growth 4 VCT plc and The Income & Growth
VCT plc to raise up to £21 million, launched on 20 January 2012 ("the Offer").

For further information please contact:

Robert Brittain at Matrix Private Equity Partners LLP, Company Secretary, on
020 3206 7000.