Issue of Equity

Matrix Income & Growth VCT PLC
25 November 2004



Matrix Income & Growth VCT plc

Issue of Equity


The Company announces that on 25 November 2004 it allotted and issued 427,814
new ordinary shares of 1p each under the offer for subscription at a price of
100p.


Following this allotment the issued share capital of the Company is 4,934,331
Ordinary Shares.


For further information please contact:


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


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