Issue of Equity

Matrix Income & Growth VCT PLC
31 March 2005


Matrix Income & Growth VCT plc


Issue of Equity


The Company announces that on 31 March 2005 it allotted and issued 2,353,309 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 14,404,474
Ordinary Shares.


For further information please contact:

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



                      This information is provided by RNS
            The company news service from the London Stock Exchange