Dividend Declaration

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

17 June 2008

Interim dividend

Following a Board meeting held on 16 June 2008, the Board of Matrix Income &
Growth 2 VCT plc is pleased to announce that the Company will pay the following
interim dividends, all for the year ended 30 April 2008. These dividends will
be paid on 23 July 2008 to Shareholders on the register on 27 June 2008.

Share Class      Type and amount of Dividend to be paid per share              
                                                                               
Ordinary         1.5p income dividend                                          
                                                                               
Ordinary         4.5p capital dividend                                         
                                                                               
C Ordinary       2.5p income dividend                                          

For further information please contact:

Rob Brittain at Matrix-Securities Limited, the Company Secretary on

020 3206 7102