Issue of Equity

Matrix Income & Growth VCT PLC
28 October 2004


Matrix Income & Growth VCT plc

Issue of Equity

The Company announces that on 28 October 2004 it allotted and issued 555,805 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 3,568,642
Ordinary Shares.


For further information please contact:

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


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