Issue of Equity

Matrix Income & Growth VCT PLC
28 April 2005

Matrix Income & Growth VCT plc

28 April 2005

Issue of Equity

The Company announces that on 28 April 2005 it allotted and issued 266,318 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 20,568,819
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