Director Shareholding

Matrix Income & Growth VCT PLC
13 January 2005

Matrix Income & Growth VCT plc (the 'Company')

13 January 2005

Directors' Shareholdings



Matrix Income & Growth VCT plc announces that on 13 January 2005, the following
Director was allotted and issued new Ordinary Shares under the offer for
subscription:





Director         Shares          Share price         Percentage
                 purchased                           of issued
                                                     share capital

Keith Niven      21,100             100p             0.30%





For further information please contact:



Sarah Penfold at Matrix-Securities Limited, the Company Secretary on: 020 7925
3300.




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