Issue of Equity

Matrix Income & Growth VCT PLC
17 February 2005


Matrix Income & Growth VCT plc

Issue of Equity

The Company announces that on 17 February 2005 it allotted and issued 322,834
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 8,427,009
Ordinary Shares.

For further information please contact:

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


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