Issue of Equity

Matrix Income & Growth VCT PLC
24 February 2005

Matrix Income & Growth VCT plc



Issue of Equity



The Company announces that on 24 February 2005 it allotted and issued 406,120
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 8,833,129
Ordinary Shares.



For further information please contact:



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




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