Annual Report and Accounts

Matrix Income & Growth 2 VCT plc (the "Company")

24 July 2007

Annual Report and Accounts for the year ended 30 April 2007

A copy of the above document has been submitted to the UK Listing Authority
("UKLA") and will shortly be available for inspection at the UKLA's document
viewing facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS
Tel: [phone]

For further information please contact:

Sarah Penfold at Matrix-Securities Limited, the Company Secretary on 020 7295
3300.