Directors' Shareholdings

Matrix Income & Growth VCT PLC
02 December 2004

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



2 December 2004


Directors' Shareholdings



Matrix Income & Growth VCT plc announces that on 2 December 2004, the following
Directors were allotted and issued new Ordinary Shares under the offer for
subscription:


Director         Shares          Share price         Percentage
                 purchased                           of issued
                                                     share capital

Bridget Guerin   10,550             100p             0.19%

Thomas Sooke      7,912             100p             0.15%




For further information please contact:

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


END






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