Publication of Prospectus

JOINT ANNOUNCEMENT                               

Matrix Income & Growth VCT plc, Matrix Income & Growth 4 VCT plc and The Income
& Growth VCT plc

Offer for Subscription and Issue of Prospectus

The boards of Matrix Income & Growth VCT plc, Matrix Income & Growth 4 VCT plc
and The Income & Growth VCT plc ("the Companies") are pleased to announce the
launch of a joint offer for subscription for new ordinary shares of 1p each in
the capital of each of the Companies to raise up to £21 million ("the Offer").

The Offer opens today and will close on 30 April 2011 (unless fully subscribed
by an earlier date or otherwise extended or closed at the Directors'
discretion). Persons intending to subscribe for shares under the Offer in the
2010/2011 tax year should note that the deadline for such subscriptions is
12.00 p.m. on 5 April 2011. The Offer is open to existing shareholders and new
investors. Investors' subscriptions will be divided equally between each of the
Companies.

Full details of the Offer are contained in the summary, securities note and
registration document, which together constitute a prospectus ("the
Prospectus"), which was published by the Companies today. The Prospectus has
been submitted to the Financial Services Authority and will shortly be
available for inspection at the National Storage Mechanism, which is located
at:

http://www.hemscott.com/nsm.do

For further information, please contact:

Investment Manager to the Companies

Matrix Private Equity Partners LLP

Rob Brittain

Telephone: [phone]
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